Oracle (NYSE:ORCL) Shares Down 1.4%

Oracle Co. (NYSE:ORCL)’s share price fell 1.4% during mid-day trading on Monday . The company traded as low as $165.55 and last traded at $165.63. 1,821,227 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 8,601,680 shares. The stock had previously closed at $168.00.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORCL shares. Piper Sandler boosted their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Sanford C. Bernstein raised their price target on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Barclays lifted their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Mizuho boosted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Oracle Price Performance

The company has a 50-day moving average of $142.30 and a 200-day moving average of $132.10. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $458.37 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results 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 net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th 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 0.97%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,610,402 shares of company stock valued at $230,556,257. 42.80% of the stock is owned by corporate insiders.

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 acquired a new position in shares of Oracle in the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $27,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth $30,000. POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter worth $30,000. Finally, Bbjs Financial Advisors LLC acquired a new position in Oracle during the 2nd 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.