Oracle (NYSE:ORCL) Trading Up 0.2%

Shares of Oracle Co. (NYSE:ORCL) shot up 0.2% on Tuesday . The stock traded as high as $139.57 and last traded at $138.56. 716,987 shares were traded during trading, a decline of 91% from the average session volume of 8,412,783 shares. The stock had previously closed at $138.31.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Argus increased their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Piper Sandler reissued an “overweight” rating and set a $150.00 price target on shares of Oracle in a research report on Friday, July 12th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Down 1.5 %

The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm has a market cap of $375.27 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.02. The business’s fifty day moving average is $135.34 and its 200-day moving average is $123.67.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. Analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,952,500 shares of company stock valued at $277,298,174. 42.80% of the stock is currently owned by company insiders.

Institutional Trading of Oracle

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc lifted its holdings in shares of Oracle by 30.6% during the 4th quarter. AdvisorNet Financial Inc now owns 6,348 shares of the enterprise software provider’s stock worth $669,000 after acquiring an additional 1,486 shares during the last quarter. Kowal Investment Group LLC grew its holdings in shares of Oracle by 43.2% during the 4th quarter. Kowal Investment Group LLC now owns 3,372 shares of the enterprise software provider’s stock worth $356,000 after acquiring an additional 1,017 shares during the period. Miracle Mile Advisors LLC raised its holdings in Oracle by 13.3% in the fourth quarter. Miracle Mile Advisors LLC now owns 14,093 shares of the enterprise software provider’s stock worth $1,486,000 after purchasing an additional 1,654 shares in the last quarter. Veracity Capital LLC lifted its position in Oracle by 26.2% during the 4th quarter. Veracity Capital LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $516,000 after acquiring an additional 1,015 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its holdings in shares of Oracle by 7.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 112,223 shares of the enterprise software provider’s stock valued at $11,832,000 after purchasing an additional 7,666 shares during the last quarter. 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.