Oracle (NYSE:ORCL) Stock Price Down 0.1% – What’s Next?

Oracle Co. (NYSE:ORCL) dropped 0.1% during trading on Tuesday . The company traded as low as $167.00 and last traded at $168.45. Approximately 2,244,460 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 14,029,826 shares. The stock had previously closed at $168.60.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 0.5 %

The stock has a 50-day moving average price of $170.83 and a two-hundred day moving average price of $164.05. The stock has a market capitalization of $482.56 billion, a PE ratio of 42.18, a PEG ratio of 3.35 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. As a group, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle’s payout ratio is 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. grew its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new stake in Oracle in the third quarter worth $44,000. 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.