Oracle (NYSE:ORCL) Trading Up 0.6%

Oracle Co. (NYSE:ORCL) shares were up 0.6% on Tuesday . The company traded as high as $139.06 and last traded at $138.72. Approximately 580,726 shares changed hands during trading, a decline of 93% from the average daily volume of 8,212,241 shares. The stock had previously closed at $137.92.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft increased their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Bank of America lifted their price objective on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. DA Davidson reiterated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. Finally, Mizuho lifted their price target on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Stock Performance

The firm has a market capitalization of $380.53 billion, a price-to-earnings ratio of 37.92, a P/E/G ratio of 2.45 and a beta of 1.02. The company has a 50-day moving average price of $138.96 and a 200-day moving average price of $126.31. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced 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 return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the firm posted $1.35 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity

In other news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its position in shares of Oracle by 153.3% in the fourth quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after purchasing an additional 7,230 shares during the period. Federated Hermes Inc. grew its stake in Oracle by 5.7% in the 4th quarter. Federated Hermes Inc. now owns 48,925 shares of the enterprise software provider’s stock valued at $5,158,000 after buying an additional 2,620 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in Oracle in the 4th quarter worth $3,244,000. Jennison Associates LLC acquired a new position in Oracle during the 4th quarter worth $21,495,000. Finally, Larson Financial Group LLC boosted its holdings in Oracle by 42.2% during the fourth quarter. Larson Financial Group LLC now owns 1,901 shares of the enterprise software provider’s stock valued at $200,000 after acquiring an additional 564 shares during the period. 42.44% of the stock is owned by institutional investors.

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.