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

Oracle Co. (NYSE:ORCL) was down 0.1% during trading on Wednesday . The company traded as low as $161.43 and last traded at $161.86. Approximately 1,746,237 shares changed hands during trading, a decline of 68% from the average daily volume of 5,468,530 shares. The stock had previously closed at $162.03.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. TD Cowen lifted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Up 0.5 %

The company has a market cap of $455.62 billion, a P/E ratio of 39.83, a P/E/G ratio of 3.39 and a beta of 1.06. The company’s 50-day moving average is $178.25 and its two-hundred day moving average is $160.59. 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 earnings results 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Institutional Investors Weigh In On Oracle

Several hedge funds and other institutional investors have recently made changes to their positions in ORCL. Strategic Financial Concepts LLC purchased a new stake in shares of Oracle in the 2nd quarter worth $132,000. Acadian Asset Management LLC raised its stake in shares of Oracle by 2.7% in the second quarter. Acadian Asset Management LLC now owns 147,204 shares of the enterprise software provider’s stock worth $20,776,000 after buying an additional 3,912 shares during the period. Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter valued at about $40,000. First Foundation Advisors lifted its position in shares of Oracle by 10.5% during the 2nd quarter. First Foundation Advisors now owns 12,416 shares of the enterprise software provider’s stock valued at $1,753,000 after buying an additional 1,176 shares in the last quarter. Finally, Global X Japan Co. Ltd. bought a new position in shares of Oracle during the 2nd quarter valued at approximately $2,071,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

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.