Oracle (NYSE:ORCL) Stock Price Up 0.1%

Oracle Co. (NYSE:ORCL) shares traded up 0.1% during mid-day trading on Friday . The company traded as high as $145.79 and last traded at $144.51. 1,400,834 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 8,585,710 shares. The stock had previously closed at $144.38.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Mizuho boosted their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. BMO Capital Markets raised their price objective on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Guggenheim restated a “buy” rating and set a $175.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Stock Performance

The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market capitalization of $398.75 billion, a P/E ratio of 38.95, a P/E/G ratio of 2.62 and a beta of 1.02. The business has a 50-day moving average of $127.54 and a 200-day moving average of $119.13.

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

Oracle Announces Dividend

The firm 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 is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of Oracle 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Screven sold 37,221 shares of the 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 of the company’s stock, valued at $368,246,045.16. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock worth $53,002,729 over the last quarter. Company insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Oracle in the third quarter worth $25,000. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at about $27,000. Tidemark LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $29,000. Finally, Nordwand Advisors LLC purchased a new position in shares of Oracle in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

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.