Oracle (NYSE:ORCL) Trading Up 0.6%

Oracle Co. (NYSE:ORCL)’s stock price was up 0.6% during trading on Thursday . The stock traded as high as $143.48 and last traded at $142.91. Approximately 870,650 shares were traded during trading, a decline of 90% from the average daily volume of 8,585,686 shares. The stock had previously closed at $142.07.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Mizuho raised their price target on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein upped their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. BMO Capital Markets raised their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Finally, Evercore ISI upped their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 0.5 %

The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a fifty day moving average of $129.75 and a 200-day moving average of $120.27. The firm has a market cap of $393.43 billion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.12%. Oracle’s dividend payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 in the last quarter. 42.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oracle

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors lifted its position in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the period. Parnassus Investments LLC grew its stake in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after buying an additional 2,191,342 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Putnam Investments LLC raised its position in shares of Oracle by 6.0% in the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares in the last quarter. Institutional investors 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.