Oracle (NYSE:ORCL) Stock Price Up 1.3%

Oracle Co. (NYSE:ORCL) shares traded up 1.3% on Friday . The company traded as high as $130.64 and last traded at $130.58. 1,051,628 shares were traded during trading, a decline of 87% from the average session volume of 8,375,095 shares. The stock had previously closed at $128.96.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Morgan Stanley reissued an “equal weight” rating and set a $125.00 price target on shares of Oracle in a report on Tuesday, June 25th. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a report on Wednesday, June 12th. KeyCorp raised their target price on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, Evercore ISI upped their price target on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Up 2.6 %

The company’s 50-day moving average is $136.79 and its 200 day moving average is $124.81. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market cap of $364.66 billion, a PE ratio of 35.52, a P/E/G ratio of 2.49 and a beta of 1.02.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. Oracle’s dividend payout ratio is 43.13%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’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 transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’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 completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company insiders.

Institutional Trading of Oracle

A number of institutional investors have recently added to or reduced their stakes in the business. Sierra Summit Advisors LLC boosted its holdings in Oracle by 54.6% in the second quarter. Sierra Summit Advisors LLC now owns 3,286 shares of the enterprise software provider’s stock worth $464,000 after purchasing an additional 1,161 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after acquiring an additional 424,500 shares in the last quarter. Wealth Dimensions Group Ltd. increased its holdings in shares of Oracle by 7.6% during the 2nd quarter. Wealth Dimensions Group Ltd. now owns 5,079 shares of the enterprise software provider’s stock valued at $717,000 after acquiring an additional 357 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of Oracle in the 2nd quarter valued at approximately $86,000. Finally, Rathbones Group PLC lifted its holdings in Oracle by 1.6% in the 2nd quarter. Rathbones Group PLC now owns 35,634 shares of the enterprise software provider’s stock worth $5,032,000 after purchasing an additional 567 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.