Oracle (NYSE:ORCL) Trading Down 4.9% – Time to Sell?

Oracle Co. (NYSE:ORCL)’s stock price dropped 4.9% during trading on Friday . The stock traded as low as $154.56 and last traded at $154.75. Approximately 4,047,938 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 6,061,676 shares. The stock had previously closed at $162.74.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Sanford C. Bernstein lifted their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Down 4.4 %

The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The firm has a market cap of $435.12 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 3.39 and a beta of 1.06. The firm has a 50-day moving average of $177.93 and a two-hundred day moving average of $160.63.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. Oracle’s payout ratio is 39.12%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth $27,000. Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $40,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth $44,000. Avondale Wealth Management bought a new stake in shares of Oracle during the 3rd quarter worth $51,000. Finally, Friedenthal Financial bought a new position in Oracle in the third quarter valued at about $51,000. 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.