Oracle (NYSE:ORCL) Shares Up 0%

Oracle Co. (NYSE:ORCL) rose 0% during trading on Tuesday . The stock traded as high as $144.22 and last traded at $143.15. Approximately 1,053,844 shares were traded during mid-day 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

Several analysts recently issued reports on ORCL shares. Guggenheim reissued a “buy” rating and set a $175.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Bank of America lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. HSBC lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, UBS Group lifted their target price on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Down 0.2 %

The stock has a fifty day moving average of $125.24 and a 200-day moving average of $118.19. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The company has a market cap of $393.45 billion, a PE ratio of 38.58, a PEG ratio of 2.56 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. Oracle’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Westend Capital Management LLC acquired a new position in Oracle during the 1st quarter valued at about $25,000. Orion Capital Management LLC acquired a new position in Oracle during the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new position in Oracle during the 3rd quarter valued at about $27,000. Tidemark LLC acquired a new position in Oracle during the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Oracle during the 4th quarter valued at about $30,000. 42.44% of the stock is owned by institutional investors.

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.