Oracle (NYSE:ORCL) Trading Up 0.1% – Here’s Why

Oracle Co. (NYSE:ORCL)’s stock price rose 0.1% during trading on Friday . The company traded as high as $167.20 and last traded at $166.19. Approximately 1,685,395 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 3,467,897 shares. The stock had previously closed at $166.03.

Analyst Ratings Changes

A number of research firms recently issued reports on ORCL. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Citigroup lifted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Up 0.2 %

The company has a market cap of $465.08 billion, a PE ratio of 40.66, a P/E/G ratio of 3.39 and a beta of 1.03. The firm has a 50-day simple moving average of $178.77 and a two-hundred day simple moving average of $159.90. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Hedge Funds Weigh In On Oracle

Several institutional investors and hedge funds have recently bought and sold shares of ORCL. Activest Wealth Management increased its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC increased its stake in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares during the last quarter. Cadence Bank grew its position in Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC lifted its holdings in shares of Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the last quarter. Finally, W Advisors LLC boosted its stake in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds 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.