Somewhat Positive Media Coverage Somewhat Unlikely to Impact Oracle (ORCL) Share Price

News coverage about Oracle (NYSE:ORCL) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oracle earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the enterprise software provider an impact score of 45.8503851011018 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Oracle (NYSE:ORCL) traded down $0.26 during trading on Wednesday, hitting $48.80. The company’s stock had a trading volume of 13,475,236 shares, compared to its average volume of 18,130,000. The company has a market cap of $203,670.00, a P/E ratio of 20.94, a P/E/G ratio of 1.85 and a beta of 1.05. Oracle has a 1-year low of $38.59 and a 1-year high of $53.14. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. equities research analysts forecast that Oracle will post 2.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Oracle’s dividend payout ratio is currently 32.62%.

Oracle announced that its board has initiated a share buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Several research firms have recently issued reports on ORCL. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price target on shares of Oracle in a research report on Tuesday, January 2nd. Morgan Stanley raised Oracle from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $46.63 to $47.71 in a research report on Wednesday, January 3rd. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price target on shares of Oracle in a research report on Tuesday, September 19th. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 price target (up previously from $52.00) on shares of Oracle in a research report on Saturday, September 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Oracle has a consensus rating of “Buy” and a consensus target price of $55.28.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at $885,043.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,250 shares of company stock valued at $5,306,238. Corporate insiders own 29.00% of the company’s stock.

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Oracle Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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