Extremely Critical News Coverage Extremely Likely to Impact Oracle (NYSE:ORCL) Stock Price

Media headlines about Oracle (NYSE:ORCL) have trended extremely negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Oracle earned a daily sentiment score of -4.00 on their scale. InfoTrie also assigned news coverage about the enterprise software provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Oracle’s score:

ORCL has been the subject of a number of research analyst reports. KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Thursday, June 20th. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research note on Tuesday, September 10th. Macquarie reiterated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. JPMorgan Chase & Co. set a $56.00 price target on Oracle and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Co upped their price target on Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $56.32.

NYSE ORCL traded up $0.61 during trading hours on Wednesday, hitting $54.66. The company had a trading volume of 5,191,984 shares, compared to its average volume of 13,930,569. Oracle has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The business has a fifty day simple moving average of $53.39 and a 200-day simple moving average of $54.61. The firm has a market cap of $181.00 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The firm had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Oracle will post 3.47 EPS for the current fiscal year.

Oracle announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 11th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, October 9th. Oracle’s dividend payout ratio is presently 30.38%.

In other news, EVP Dorian Daley sold 50,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $55.01, for a total transaction of $2,750,500.00. Following the transaction, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $2,750,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the transaction, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The disclosure for this sale can be found here. Insiders have sold 935,143 shares of company stock worth $49,307,209 over the last three months. Corporate insiders own 36.60% of the company’s stock.

About Oracle

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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