Oracle (NYSE:ORCL) Trading Down 1.2% – Time to Sell?

Oracle Co. (NYSE:ORCL)’s share price traded down 1.2% on Tuesday . The company traded as low as $162.16 and last traded at $163.74. 1,968,151 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 4,878,781 shares. The stock had previously closed at $165.69.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. UBS Group increased their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Up 0.7 %

The company has a market capitalization of $456.27 billion, a P/E ratio of 39.89, a PEG ratio of 3.39 and a beta of 1.06. The business has a fifty day moving average of $178.02 and a 200-day moving average of $160.61. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. Analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 paid 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 payout ratio is 39.12%.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORCL. Activest Wealth Management grew its stake in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC grew its position in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares during the period. Cadence Bank increased its stake in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC raised its stake in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC raised its position in Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. 42.44% of the stock is currently owned by 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.