Oracle (NYSE:ORCL) Trading Down 1.2%

Oracle Co. (NYSE:ORCL)’s stock price dropped 1.2% during trading on Wednesday . The company traded as low as $140.89 and last traded at $141.44. Approximately 1,376,192 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 8,478,125 shares. The stock had previously closed at $143.11.

Analyst Ratings Changes

ORCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. KeyCorp raised their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Price Performance

The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm’s fifty day moving average price is $134.10 and its two-hundred day moving average price is $122.70. The stock has a market capitalization of $382.43 billion, a PE ratio of 38.12, a PEG ratio of 2.54 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS 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 for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the company posted $1.35 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,952,500 shares of company stock valued at $277,298,174. Insiders own 42.80% of the company’s stock.

Hedge Funds Weigh In On Oracle

Hedge funds have recently modified their holdings of the company. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter worth approximately $25,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the second quarter worth approximately $35,000. Tidemark LLC bought a new position in shares of Oracle during the fourth quarter worth $29,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle during the fourth quarter worth $30,000. Finally, Alaska Permanent Fund Corp bought a new position in shares of Oracle during the first quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors.

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.