News headlines about Oracle (NYSE:ORCL) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news 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 daily sentiment score of 0.82 on their scale. InfoTrie also gave headlines about the enterprise software provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Oracle’s ranking:
A number of research analysts have commented on ORCL shares. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Exane BNP Paribas started coverage on shares of Workday in a report on Friday, March 29th. They set an “underperform” rating on the stock. Morgan Stanley dropped their target price on shares of Tesla from $97.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. Wedbush started coverage on shares of Chewy in a report on Thursday, June 20th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Co reissued an “outperform” rating on shares of Applied Materials in a report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.58.
ORCL traded down $0.18 during midday trading on Friday, hitting $59.81. 11,234,199 shares of the company’s stock traded hands, compared to its average volume of 20,935,038. The stock has a market capitalization of $199.52 billion, a P/E ratio of 18.93, a PEG ratio of 1.74 and a beta of 1.15. The company’s fifty day moving average price is $55.07. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle has a one year low of $42.40 and a one year high of $60.50.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The firm had revenue of $11.14 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Oracle will post 3.5 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, July 16th. Oracle’s dividend payout ratio is 30.38%.
In other news, Director Michael J. Boskin sold 75,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $56.29, for a total value of $4,221,750.00. Following the sale, the director now owns 134,796 shares in the company, valued at $7,587,666.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP W Corey West sold 100,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $58.00, for a total transaction of $5,800,000.00. Following the completion of the sale, the executive vice president now owns 60,268 shares in the company, valued at approximately $3,495,544. The disclosure for this sale can be found here. In the last three months, insiders sold 1,970,000 shares of company stock worth $110,237,950. 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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