Oracle (NYSE:ORCL) Stock Price Down 0.3%

Shares of Oracle Co. (NYSE:ORCL) traded down 0.3% during trading on Monday . The company traded as low as $138.55 and last traded at $138.80. 361,565 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 8,115,616 shares. The stock had previously closed at $139.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. BMO Capital Markets upped their price objective on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Down 0.4 %

The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $380.01 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The company’s fifty day simple moving average is $138.78 and its 200 day simple moving average is $127.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 earnings per share. Research analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by insiders.

Institutional Trading of Oracle

A number of institutional investors have recently made changes to their positions in the stock. Werlinich Asset Management LLC lifted its stake in shares of Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after purchasing an additional 70 shares during the period. RFP Financial Group LLC lifted its stake in shares of Oracle by 2.7% in the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after purchasing an additional 75 shares during the period. Invst LLC lifted its stake in shares of Oracle by 2.4% in the 2nd quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock worth $482,000 after purchasing an additional 79 shares during the period. ERn Financial LLC lifted its stake in shares of Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after purchasing an additional 80 shares during the period. Finally, Key Financial Inc lifted its stake in shares of Oracle by 1.2% in the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after purchasing an additional 80 shares during the period. Hedge funds and other 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.