Oracle (NYSE:ORCL) Shares Down 0.9%

Oracle Co. (NYSE:ORCLGet Free Report) traded down 0.9% on Friday . The company traded as low as $141.08 and last traded at $141.68. 2,802,696 shares traded hands during trading, a decline of 67% from the average session volume of 8,503,932 shares. The stock had previously closed at $142.91.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen raised their price objective on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Citigroup lowered their price objective on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. BMO Capital Markets raised their price objective on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday. Argus raised their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $144.79.

Read Our Latest Stock Analysis on Oracle

Oracle Stock Down 0.9 %

The firm has a 50 day simple moving average of $122.66 and a two-hundred day simple moving average of $116.88. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71. The stock has a market cap of $389.13 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.59 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. Equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was 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 directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oracle

Hedge funds have recently modified their holdings of the stock. TruNorth Capital Management LLC purchased a new position in shares of Oracle during the first quarter valued at $213,000. SRN Advisors LLC grew its holdings in shares of Oracle by 14.9% during the first quarter. SRN Advisors LLC now owns 12,156 shares of the enterprise software provider’s stock valued at $1,527,000 after buying an additional 1,572 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its holdings in shares of Oracle by 5.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 2,478 shares of the enterprise software provider’s stock valued at $311,000 after buying an additional 121 shares in the last quarter. Cypress Asset Management Inc. TX purchased a new position in shares of Oracle during the first quarter valued at $167,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Oracle by 4.2% during the first quarter. EverSource Wealth Advisors LLC now owns 12,430 shares of the enterprise software provider’s stock valued at $1,561,000 after buying an additional 506 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

About Oracle

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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.

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