Oracle (NYSE:ORCL) Trading Down 0.5%

Oracle Co. (NYSE:ORCL) shares dropped 0.5% during trading on Tuesday . The company traded as low as $143.91 and last traded at $144.31. Approximately 1,653,090 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 8,563,418 shares. The stock had previously closed at $145.03.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. BMO Capital Markets upped their price objective on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. UBS Group upped their price objective on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Trading Up 0.5 %

The company has a market capitalization of $393.48 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02. The company’s fifty day moving average is $129.75 and its 200-day moving average is $120.27. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 812,500 shares of company stock valued at $113,578,574. 42.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA lifted its position in Oracle by 16.5% during the second quarter. CHICAGO TRUST Co NA now owns 37,392 shares of the enterprise software provider’s stock valued at $5,280,000 after purchasing an additional 5,290 shares during the period. OLD National Bancorp IN lifted its position in Oracle by 1.8% during the second quarter. OLD National Bancorp IN now owns 26,426 shares of the enterprise software provider’s stock valued at $3,731,000 after purchasing an additional 472 shares during the period. Ellenbecker Investment Group acquired a new position in Oracle during the second quarter valued at $209,000. Prentice Wealth Management LLC lifted its position in Oracle by 3.5% during the second quarter. Prentice Wealth Management LLC now owns 5,761 shares of the enterprise software provider’s stock valued at $813,000 after purchasing an additional 196 shares during the period. Finally, Cherrydale Wealth Management LLC acquired a new position in Oracle during the second quarter valued at $217,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.