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

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

Wall Street Analyst Weigh In

Several analysts recently commented on ORCL shares. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. KeyCorp raised their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Guggenheim raised their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Performance

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 stock has a market cap of $525.56 billion, a P/E ratio of 48.96, a PEG ratio of 3.49 and a beta of 1.02. The stock has a fifty day simple moving average of $169.43 and a 200-day simple moving average of $145.54.

Oracle (NYSE:ORCL) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business earned $0.95 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oracle

Institutional investors have recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth about $35,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the third quarter worth about $44,000. Finally, Quest Partners LLC bought a new position in shares of Oracle during the second quarter worth about $40,000. 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.