Oracle (ORCL) Hits New 52-Week High at $54.75

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Oracle Co. (NYSE:ORCL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.75 and last traded at $54.58, with a volume of 245381 shares changing hands. The stock had previously closed at $54.50.

Several brokerages recently issued reports on ORCL. Sanford C. Bernstein reiterated a “buy” rating and issued a $57.00 target price on shares of Oracle in a research note on Tuesday, December 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research note on Wednesday, March 13th. Exane BNP Paribas initiated coverage on shares of Oracle in a research note on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price for the company. Credit Suisse Group restated a “buy” rating and set a $60.00 price objective on shares of Oracle in a research report on Monday, February 18th. Finally, UBS Group restated a “neutral” rating and set a $51.00 price objective on shares of Oracle in a research report on Tuesday, December 18th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and an average target price of $52.53.

The firm has a market capitalization of $226.15 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 3.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. Oracle’s dividend payout ratio (DPR) is currently 34.04%.

In other news, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the transaction, the chief executive officer now directly owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50. Following the transaction, the director now directly owns 27,969 shares in the company, valued at $1,440,683.19. The disclosure for this sale can be found here. Insiders have sold 1,773,750 shares of company stock worth $95,395,063 over the last ninety days. Insiders own 32.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Csenge Advisory Group bought a new position in Oracle in the third quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC grew its stake in shares of Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after buying an additional 413 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Oracle during the fourth quarter worth $35,000. Truehand Inc acquired a new position in shares of Oracle during the fourth quarter worth $36,000. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth $36,000. 47.39% of the stock is currently owned by institutional investors.

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About Oracle (NYSE:ORCL)

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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