Oracle (NYSE:ORCL) Shares Down 0% – Here’s Why

Oracle Co. (NYSE:ORCL)’s stock price dropped 0% on Tuesday . The company traded as low as $179.11 and last traded at $181.34. Approximately 2,089,534 shares changed hands during trading, a decline of 75% from the average daily volume of 8,222,234 shares. The stock had previously closed at $181.41.

Analysts Set New Price Targets

Several research analysts have commented on the company. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Up 2.9 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50-day simple moving average of $178.54 and a two-hundred day simple moving average of $153.09. The stock has a market cap of $521.49 billion, a P/E ratio of 48.50, a P/E/G ratio of 3.37 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oracle

Several hedge funds have recently bought and sold shares of ORCL. PineStone Asset Management Inc. increased its stake in Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp grew its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Finally, Altshuler Shaham Ltd grew its position in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the period. 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.