Media stories about Oracle (NYSE:ORCL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oracle earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the enterprise software provider an impact score of 46.8152753525681 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
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Oracle and the impact of 3D printing on supply chains (supplychaindigital.com) Rockets head to Oracle feeling good after game 2 win (foxsports.com) Oracle releasing ‘Internet Weather Map’ for when the cloud gets gloomy (ciodive.com) Brokerages Expect Oracle Co. (ORCL) Will Announce Quarterly Sales of $11.20 Billion (americanbankingnews.com) Simplus Acquires Salesforce, Oracle Partner CirrusOne (channele2e.com)
A number of research firms have recently issued reports on ORCL. Morgan Stanley reissued a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. TheStreet downgraded Oracle from a “b+” rating to a “c+” rating in a research report on Monday, March 19th. Monness Crespi & Hardt began coverage on Oracle in a research report on Wednesday, April 11th. They set a “neutral” rating on the stock. Instinet began coverage on Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price target on the stock. Finally, Bank of America downgraded Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 20th. Seventeen research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.30.
Shares of Oracle traded down $0.22, hitting $46.32, during trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 13,517,330 shares, compared to its average volume of 11,736,190. Oracle has a 12-month low of $43.74 and a 12-month high of $53.48. The stock has a market cap of $192.66 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.15. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities analysts anticipate that Oracle will post 2.76 EPS for the current fiscal year.
Oracle declared that its Board of Directors has initiated a stock repurchase program on Friday, February 2nd that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, April 16th. Oracle’s payout ratio is 30.52%.
In other news, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $45.95, for a total value of $5,743,750.00. Following the completion of the transaction, the executive vice president now directly owns 161,954 shares in the company, valued at $7,441,786.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $52.19, for a total value of $195,712.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $945,943.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,557,015 shares of company stock valued at $117,480,315. Company insiders own 29.00% of the company’s stock.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.