Oracle (NYSE:ORCL) Releases Earnings Results, Misses Estimates By $0.01 EPS

Oracle (NYSE:ORCL) issued its earnings results on Monday. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01), Briefing.com reports. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year.

Oracle Price Performance

ORCL stock traded down $6.29 during mid-day trading on Monday, reaching $148.87. 18,622,563 shares of the company traded hands, compared to its average volume of 11,639,444. The company has a fifty day moving average price of $167.63 and a 200-day moving average price of $169.51. Oracle has a 52-week low of $111.18 and a 52-week high of $198.31. The company has a market capitalization of $416.38 billion, a P/E ratio of 36.40, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

A hedge fund recently raised its stake in Oracle stock. Brighton Jones LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 189.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 153,580 shares of the enterprise software provider’s stock after acquiring an additional 100,494 shares during the period. Oracle makes up 0.7% of Brighton Jones LLC’s investment portfolio, making the stock its 20th biggest position. Brighton Jones LLC’s holdings in Oracle were worth $25,593,000 as of its most recent filing with the SEC. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ORCL shares. Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.