Oracle (NYSE:ORCL) Shares Down 3.5%

Shares of Oracle Co. (NYSE:ORCL) were down 3.5% during trading on Monday . The company traded as low as $126.66 and last traded at $128.57. Approximately 3,050,972 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 8,389,526 shares. The stock had previously closed at $133.28.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ORCL shares. Evercore ISI raised their target price on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their price objective on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. KeyCorp lifted their target price on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Oppenheimer started coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, Piper Sandler restated an “overweight” rating and set a $150.00 price objective on shares of Oracle in a report on Friday, July 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Performance

The stock has a market capitalization of $352.47 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.49 and a beta of 1.02. The stock has a 50 day moving average of $136.33 and a 200 day moving average of $124.51. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 earnings per share. Equities analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. Oracle’s payout ratio is 43.13%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,907,500 shares of company stock valued at $272,074,924. 42.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

Several institutional investors have recently modified their holdings of ORCL. Werlinich Asset Management LLC lifted its holdings in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC lifted its stake in Oracle by 2.7% in the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after acquiring an additional 75 shares in the last quarter. ERn Financial LLC lifted its stake in Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares in the last quarter. Key Financial Inc lifted its stake in Oracle by 1.2% in the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after acquiring an additional 80 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock worth $67,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds 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.