Shares of Oracle Co. (NYSE:ORCL – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $127.00.
A number of research firms recently commented on ORCL. UBS Group reduced their price objective on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, December 12th. Wolfe Research reduced their target price on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. BMO Capital Markets dropped their price target on shares of Oracle from $130.00 to $126.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 12th. Evercore ISI reduced their price objective on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. Finally, Piper Sandler lowered their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd.
View Our Latest Analysis on ORCL
Insider Buying and Selling at Oracle
Institutional Trading of Oracle
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in shares of Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in Oracle in the third quarter worth about $27,000. Tidemark LLC purchased a new stake in shares of Oracle in the 4th quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
Shares of ORCL opened at $113.78 on Monday. Oracle has a 12 month low of $82.04 and a 12 month high of $127.54. The business’s fifty day simple moving average is $110.13 and its two-hundred day simple moving average is $111.04. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84. The company has a market cap of $312.77 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.18 and a beta of 1.00.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, December 11th. The enterprise software provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.05 billion. Oracle had a return on equity of 703.26% and a net margin of 19.64%. Oracle’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. Research analysts anticipate that Oracle will post 4.44 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, January 10th. Oracle’s payout ratio is presently 44.20%.
About Oracle
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.
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