Oracle (NYSE:ORCL) Trading 0% Higher

Oracle Co. (NYSE:ORCL) traded up 0% on Tuesday . The stock traded as high as $126.80 and last traded at $126.11. 1,308,453 shares were traded during trading, a decline of 86% from the average session volume of 9,179,260 shares. The stock had previously closed at $126.08.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Piper Sandler decreased their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Morgan Stanley decreased their price target on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 12th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Finally, William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Down 0.9 %

The firm has a market cap of $344.33 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.45 and a beta of 1.00. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $116.00 and its 200 day moving average is $111.37.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. Oracle’s payout ratio is presently 42.22%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Oracle by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 149,699,321 shares of the enterprise software provider’s stock worth $15,782,799,000 after acquiring an additional 2,425,908 shares in the last quarter. State Street Corp boosted its position in shares of Oracle by 1.5% during the 2nd quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after acquiring an additional 928,013 shares in the last quarter. Morgan Stanley boosted its position in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after acquiring an additional 1,794,080 shares in the last quarter. Northern Trust Corp boosted its position in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after acquiring an additional 3,323,334 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.