Oracle Co. (NYSE:ORCL) Short Interest Up 10.1% in May

Oracle Co. (NYSE:ORCL) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totalling 33,400,000 shares, an increase of 10.1% from the May 14th total of 30,340,000 shares. Based on an average daily trading volume, of 14,590,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.7% of the shares of the stock are short sold.

Several equities analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Oracle from $62.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, March 13th. Morgan Stanley cut their price target on Oracle from $63.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. ValuEngine cut Oracle from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Sanford C. Bernstein reissued a “buy” rating and issued a $59.00 price target on shares of Oracle in a report on Monday, June 8th. Finally, Barclays reissued a “neutral” rating and issued a $50.00 price target on shares of Oracle in a report on Friday, March 13th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and an average target price of $53.95.

Oracle stock traded up $0.55 during trading on Friday, hitting $51.86. The company’s stock had a trading volume of 11,485,501 shares, compared to its average volume of 10,750,743. The stock’s fifty day moving average is $52.99 and its 200 day moving average is $52.71. Oracle has a 1-year low of $39.71 and a 1-year high of $60.50. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a market capitalization of $161.81 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.28 and a beta of 0.89.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. Oracle had a return on equity of 64.68% and a net margin of 27.06%. The firm had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Oracle will post 3.45 EPS for the current fiscal year.

Oracle announced that its board has initiated a share buyback plan on Thursday, March 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire up to 9.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In other news, Director Charles W. Moorman acquired 20,000 shares of Oracle stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average cost of $48.59 per share, with a total value of $971,800.00. Following the completion of the acquisition, the director now owns 38,561 shares in the company, valued at approximately $1,873,678.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of Oracle stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $51.73, for a total value of $51,730,000.00. Following the transaction, the chief executive officer now directly owns 2,368,592 shares of the company’s stock, valued at $122,527,264.16. The disclosure for this sale can be found here. 36.60% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of ORCL. First National Bank of South Miami grew its position in Oracle by 104.6% during the fourth quarter. First National Bank of South Miami now owns 489 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Oracle during the fourth quarter valued at about $26,000. Samalin Investment Counsel LLC purchased a new stake in Oracle during the fourth quarter valued at about $27,000. Balentine LLC purchased a new stake in Oracle during the first quarter valued at about $31,000. Finally, Solstein Capital LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $33,000. 48.14% of the stock is owned by hedge funds and other institutional investors.

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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