Oracle (NYSE:ORCL) Trading Down 0.1% – Here’s What Happened

Oracle Co. (NYSE:ORCL) fell 0.1% on Monday . The company traded as low as $191.36 and last traded at $192.15. 1,414,419 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 8,209,713 shares. The stock had previously closed at $192.29.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ORCL shares. Piper Sandler upped their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Stifel Nicolaus lifted their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Citigroup upped their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Finally, BMO Capital Markets lifted their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Price Performance

The company’s fifty day moving average price is $175.62 and its two-hundred day moving average price is $149.64. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $521.21 billion, a price-to-earnings ratio of 49.52, a PEG ratio of 3.54 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was 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 approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new position in Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the second quarter worth $40,000. 42.44% of the stock is currently 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.