Edward Screven, an insider at Oracle Co. (NYSE: ORCL) recently sold over 235,000 shares of the company, with an average price of $144.30 per share, totaling over $34 million. Following this transaction, Screven now directly holds over 2.6 million shares in Oracle, valued at around $379 million. This sale was disclosed in a filing with the SEC.
On the market side, Oracle opened at $139.85 on Tuesday with a quick ratio of 0.85, current ratio of 0.71, and debt-equity ratio of 8.25. The stock’s 50-day simple moving average is $123.47, and its two-hundred-day moving average is $117.30. With a market capitalization of $384.38 billion, Oracle has a PE ratio of 37.70 and a P/E/G ratio of 2.59. The stock has a 52-week low of $99.26 and a high of $145.32.
When it comes to financial performance, Oracle recently reported earnings per share of $1.63 for the quarter, slightly lower than analyst estimates. The company generated revenue of $14.29 billion, slightly below the expected $14.57 billion. The net margin was 19.76% with a return on equity of 223.01%. Analysts predict that Oracle will post 5.01 EPS for the current fiscal year.
Furthermore, Oracle has declared a quarterly dividend to be paid on July 25, with shareholders of record on July 11 receiving $0.40 per share. The firm’s current dividend payout ratio is 43.13%. Institutional investors, such as Contour Asset Management LLC and Sandy Spring Bank, have recently increased their holdings of Oracle shares.
Several analysts have provided their insights on Oracle, with price target upgrades and ratings adjustments. For instance, Argus raised the price target to $159.00 with a “buy” rating. BMO Capital Markets also upgraded the price target to $160.00. Overall, analysts have given Oracle an average rating of “Moderate Buy” with an average price target of $144.79.
Oracle Corporation offers a range of products and services for enterprise IT environments globally, including cloud software applications like Oracle Cloud ERP and Oracle Cloud HCM. The company also provides services for supply chain management, healthcare, advertising, and sales.
In summary, Oracle continues to show strong financial performance and market presence, with recent insider transactions, market performance data, financial results, dividend announcements, institutional investor activities, analyst reports, and a comprehensive overview of the company’s profile and offerings.
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https://www.defenseworld.net/2024/06/25/oracle-co-nyseorcl-insider-edward-screven-sells-235918-shares-of-stock.html
