Oracle (NYSE:ORCL) Stock Price Up 1.5%

Oracle Co. (NYSE:ORCL) shares rose 1.5% on Monday . The stock traded as high as $143.79 and last traded at $143.30. Approximately 1,918,259 shares were traded during trading, a decline of 78% from the average daily volume of 8,669,170 shares. The stock had previously closed at $141.20.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. BMO Capital Markets increased their price target on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Stock Performance

The firm has a market cap of $394.83 billion, a PE ratio of 38.62, a P/E/G ratio of 2.56 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a 50-day moving average price of $125.81 and a 200 day moving average price of $118.49.

Oracle (NYSE:ORCL) last posted its quarterly 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). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the firm posted $1.35 EPS. Oracle’s revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock worth $53,002,729 over the last quarter. 42.80% of the stock is owned by corporate insiders.

Institutional Trading of Oracle

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Oracle during the fourth quarter valued at approximately $1,210,181,000. Wellington Management Group LLP grew its holdings in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. grew its holdings in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. Janus Henderson Group PLC grew 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 worth $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Boston Partners grew its holdings in Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after buying an additional 3,617,413 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.