Oracle (NYSE:ORCL) Trading Up 0.9%

Shares of Oracle Co. (NYSE:ORCL) traded up 0.9% on Tuesday . The company traded as high as $133.94 and last traded at $133.72. Approximately 752,359 shares were traded during mid-day trading, a decline of 91% from the average session volume of 8,338,893 shares. The stock had previously closed at $132.58.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. Citigroup lowered their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. TD Cowen boosted their price target on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Performance

The firm’s 50 day simple moving average is $137.89 and its 200-day simple moving average is $125.47. The company has a market capitalization of $377.36 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share 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 business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the company earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Activity at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were 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 in the company, valued at $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of the firm’s 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 completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in Oracle during the second quarter worth about $27,000. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter valued at $25,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the second quarter valued at about $35,000. Finally, Tidemark LLC bought a new stake in Oracle during the 4th quarter worth about $29,000. 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.