News coverage about Oracle (NYSE:ORCL) has trended positive this week, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Oracle earned a media sentiment score of 2.82 on their scale. InfoTrie also gave news stories about the enterprise software provider an news buzz score of 8 out of 10, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Oracle’s analysis:
- ‘Keep talkin’ Larry’: Amazon appears ever closer to dumping Oracle (finance.yahoo.com)
- ‘Keep talkin’ Larry’: Amazon claims it’s closer to cutting reliance on Oracle (feeds.marketwatch.com)
- He Was a Blockchain Believer. Now He’s a Heretic. But He’s Still Bullish on Bitcoin (finance.yahoo.com)
- ‘Keep Talkin’ Larry’: Amazon Is Close to Tossing Oracle Software (finance.yahoo.com)
- Gonzaga University Gives Oracle Cloud an “A” for Cost and Efficiency (oracle.com)
ORCL has been the subject of several research reports. Credit Suisse Group restated a “buy” rating and set a $60.00 price target on shares of Oracle in a report on Wednesday, October 24th. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Stifel Nicolaus restated a “hold” rating and set a $49.00 price target (down from $50.00) on shares of Oracle in a report on Tuesday, September 18th. Citigroup decreased their price target on shares of Oracle from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, September 18th. Finally, Barclays raised their price target on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Seventeen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.71.
Shares of NYSE:ORCL traded up $0.18 during trading on Friday, reaching $50.61. The stock had a trading volume of 15,316,141 shares, compared to its average volume of 18,213,500. Oracle has a 52 week low of $42.57 and a 52 week high of $53.48. The firm has a market cap of $208.06 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.69 and a beta of 1.12. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. Research analysts predict that Oracle will post 3.06 EPS for the current fiscal year.
Oracle declared that its board has approved a share buyback plan on Monday, September 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, October 15th. Oracle’s dividend payout ratio is 26.95%.
In other news, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the transaction, the executive vice president now owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $47.26, for a total transaction of $177,225.00. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,321,814.94. The disclosure for this sale can be found here. In the last three months, insiders sold 142,946 shares of company stock worth $7,248,965. Insiders own 32.00% of the company’s stock.
Oracle Company Profile
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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