Oracle (NYSE:ORCL) Stock Price Down 1.1%

Oracle Co. (NYSE:ORCL) fell 1.1% during mid-day trading on Monday . The stock traded as low as $166.45 and last traded at $166.82. 1,830,780 shares traded hands during trading, a decline of 79% from the average session volume of 8,571,369 shares. The stock had previously closed at $168.74.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. Citigroup raised their target price on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Argus lifted their target price on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. DA Davidson upped their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Piper Sandler raised their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Trading Down 0.4 %

The stock’s fifty day simple moving average is $144.96 and its two-hundred day simple moving average is $133.79. The firm has a market cap of $465.66 billion, a PE ratio of 44.96, a PEG ratio of 3.05 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Activity at Oracle

In related news, insider Edward Screven sold 426,861 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle 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 sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oracle

Several large investors have recently modified their holdings of ORCL. Westend Capital Management LLC bought a new position in Oracle in the 1st quarter valued at $25,000. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at $27,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter worth $30,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter worth $30,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth about $35,000. 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.