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

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

Analyst Ratings Changes

A number of analysts have recently commented on ORCL shares. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Mizuho lifted their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Price Performance

The firm has a 50-day moving average of $176.80 and a 200-day moving average of $150.89. The stock has a market cap of $506.44 billion, a PE ratio of 47.10, a PEG ratio of 3.46 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

Hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in shares of Oracle in the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the second quarter worth $35,000. Reston Wealth Management LLC purchased a new position in Oracle during the third quarter worth $44,000. Finally, Quest Partners LLC bought a new position in Oracle during the second quarter valued at $40,000. Hedge funds and other 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.