Oracle (NYSE:ORCL) Stock Price Up 0%

Shares of Oracle Co. (NYSE:ORCL) rose 0% during mid-day trading on Tuesday . The company traded as high as $144.22 and last traded at $143.15. Approximately 1,053,844 shares traded hands during trading, a decline of 88% from the average daily volume of 8,645,509 shares. The stock had previously closed at $143.09.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. DA Davidson reiterated a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Argus upped their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Mizuho boosted their target price on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Trading Up 0.6 %

The company has a market cap of $397.26 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company’s fifty day moving average price is $126.37 and its two-hundred day moving average price is $118.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 during 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%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. Research analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 385,639 shares of company stock valued at $53,002,729. Insiders own 42.80% of the company’s stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle during the first quarter worth $25,000. Orion Capital Management LLC bought a new stake in shares of Oracle in the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $27,000. Tidemark LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $29,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Oracle during the fourth quarter valued at approximately $30,000. 42.44% of the stock is 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.