Oracle (NYSE:ORCL) Stock Price Up 0.3% – Time to Buy?

Oracle Co. (NYSE:ORCL)’s stock price traded up 0.3% on Friday . The stock traded as high as $193.76 and last traded at $192.97. 1,168,069 shares were traded during trading, a decline of 86% from the average session volume of 8,214,488 shares. The stock had previously closed at $192.43.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday. DA Davidson boosted their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Evercore ISI raised their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle Price Performance

The business has a fifty day moving average price of $175.02 and a 200 day moving average price of $148.68. The company has a market cap of $532.38 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.48 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly 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. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

A number of institutional investors have recently made changes to their positions in ORCL. Fairway Wealth LLC bought a new stake in Oracle during the second quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the second quarter worth approximately $35,000. Reston Wealth Management LLC bought a new stake in Oracle in the third quarter worth approximately $44,000. Finally, Quest Partners LLC acquired a new position in Oracle in the second quarter valued at approximately $40,000. 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.