Oracle (NYSE:ORCL) Stock Price Up 1.5% – Here’s Why

Oracle Co. (NYSE:ORCL)’s share price traded up 1.5% during trading on Tuesday . The stock traded as high as $192.40 and last traded at $190.77. 1,716,909 shares were traded during mid-day trading, a decline of 79% from the average session volume of 8,240,389 shares. The stock had previously closed at $187.99.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ORCL shares. Mizuho upped their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Guggenheim increased their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Down 4.0 %

The business has a 50 day moving average price of $176.80 and a 200 day moving average price of $150.89. The firm has a market capitalization of $506.44 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 3.46 and a beta of 1.02. 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:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

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.