Oracle (NYSE:ORCL) Trading Up 0.2% – Here’s What Happened

Oracle Co. (NYSE:ORCL) shares were up 0.2% on Wednesday . The stock traded as high as $190.09 and last traded at $189.99. Approximately 902,225 shares were traded during trading, a decline of 89% from the average daily volume of 8,233,065 shares. The stock had previously closed at $189.58.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. Barclays increased their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. BMO Capital Markets raised their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. JMP Securities raised their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Finally, Morgan Stanley raised their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Up 0.0 %

The business has a fifty day simple moving average of $169.43 and a two-hundred day simple moving average of $145.54. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $525.56 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred 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 directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the first quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at about $40,000. 42.44% of the stock is owned by hedge funds and other 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.