Oracle (NYSE:ORCL) Trading Up 0.1% – Here’s What Happened

Oracle Co. (NYSE:ORCLGet Free Report)’s share price was up 0.1% during mid-day trading on Monday . The company traded as high as $177.22 and last traded at $175.96. Approximately 1,110,351 shares traded hands during trading, a decline of 87% from the average daily volume of 8,497,904 shares. The stock had previously closed at $175.77.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORCL. Jefferies Financial Group increased their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Citigroup boosted their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus upped their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

View Our Latest Research Report on Oracle

Oracle Stock Performance

The stock’s 50 day simple moving average is $151.64 and its two-hundred day simple moving average is $136.92. The company has a market capitalization of $485.91 billion, a P/E ratio of 47.50, a P/E/G ratio of 3.29 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio is 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 42.80% of the company’s stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds have recently bought and sold shares of ORCL. Westend Capital Management LLC bought a new stake in shares of Oracle during the first quarter worth about $25,000. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter worth about $35,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Oracle during the first quarter worth about $36,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

(Get Free Report)

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.

Further Reading

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