Short Interest in Oracle Co. (NYSE:ORCL) Expands By 29.7%

Oracle Co. (NYSE:ORCL) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 30,770,000 shares, a growth of 29.7% from the March 31st total of 23,720,000 shares. Based on an average daily volume of 13,780,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.8% of the shares of the company are sold short.

A number of equities analysts have weighed in on the stock. KeyCorp upped their price target on shares of Oracle from $70.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, March 15th. Monness Crespi & Hardt upped their price target on shares of Oracle from $82.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, March 11th. Cowen boosted their target price on shares of Oracle from $77.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. Jefferies Financial Group set a $65.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Thursday, March 11th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $81.00 target price on shares of Oracle in a report on Thursday, March 11th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. Oracle has an average rating of “Hold” and a consensus target price of $71.36.

Shares of NYSE ORCL traded up $1.20 during mid-day trading on Tuesday, reaching $78.53. The company had a trading volume of 15,144,595 shares, compared to its average volume of 12,701,331. The business’s 50-day moving average is $73.08 and its 200-day moving average is $64.44. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 7.37. The stock has a market cap of $226.44 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. Oracle has a 52 week low of $50.86 and a 52 week high of $80.21.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. The firm had revenue of $10.09 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, equities research analysts forecast that Oracle will post 3.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 7th. This is a boost from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. Oracle’s dividend payout ratio is presently 36.99%.

In related news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $66.99, for a total transaction of $6,699,000.00. Following the completion of the sale, the executive vice president now directly owns 100,000 shares in the company, valued at $6,699,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the sale, the insider now owns 400,000 shares of the company’s stock, valued at $28,012,000. The disclosure for this sale can be found here. Insiders have sold 4,508,000 shares of company stock valued at $306,882,810 over the last 90 days. 39.10% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. TIAA FSB grew its holdings in Oracle by 1.0% during the 4th quarter. TIAA FSB now owns 278,233 shares of the enterprise software provider’s stock worth $17,999,000 after acquiring an additional 2,726 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Oracle by 0.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,322,102 shares of the enterprise software provider’s stock worth $85,527,000 after acquiring an additional 5,292 shares in the last quarter. Harfst & Associates Inc. boosted its holdings in shares of Oracle by 52.4% in the 4th quarter. Harfst & Associates Inc. now owns 8,596 shares of the enterprise software provider’s stock valued at $556,000 after buying an additional 2,954 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Oracle by 37.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 25,207 shares of the enterprise software provider’s stock valued at $1,769,000 after buying an additional 6,861 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in shares of Oracle by 6.8% in the 1st quarter. SOA Wealth Advisors LLC. now owns 22,517 shares of the enterprise software provider’s stock valued at $1,580,000 after purchasing an additional 1,427 shares during the last quarter. Institutional investors own 47.54% of the company’s stock.

Oracle Company Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

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