Oracle (NYSE:ORCL) Shares Up 0.2%

Oracle Co. (NYSE:ORCL) shares traded up 0.2% during trading on Tuesday . The stock traded as high as $142.20 and last traded at $141.64. 1,192,184 shares changed hands during trading, a decline of 85% from the average session volume of 8,011,746 shares. The stock had previously closed at $141.29.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lifted their target price on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 target price on shares of Oracle in a report on Friday, July 12th. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. Finally, Bank of America lifted their price objective on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Price Performance

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 business has a fifty day simple moving average of $138.66 and a 200 day simple moving average of $128.02. The stock has a market capitalization of $393.01 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5.02 earnings per share 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 paid a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. Oracle’s payout ratio is presently 43.13%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. Insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Westend Capital Management LLC bought a new stake in Oracle during the 1st quarter valued at $25,000. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter worth $27,000. Tidemark LLC bought a new position in shares of Oracle in the fourth quarter worth $29,000. Nordwand Advisors LLC bought a new position in shares of Oracle in the fourth quarter worth $30,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the fourth quarter worth $30,000. 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.