Oracle (NYSE:ORCL) Stock Price Down 0.1% – What’s Next?

Oracle Co. (NYSE:ORCL)’s share price traded down 0.1% on Monday . The stock traded as low as $191.36 and last traded at $192.15. 1,414,419 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 8,209,713 shares. The stock had previously closed at $192.29.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. TD Cowen boosted their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. BMO Capital Markets upped their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, JMP Securities lifted their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Down 2.2 %

The firm has a 50-day simple moving average of $175.62 and a 200 day simple moving average of $149.64. The stock has a market capitalization of $521.21 billion, a P/E ratio of 49.52, a P/E/G ratio of 3.54 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the business earned $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oracle

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares during the period. Chase Investment Counsel Corp bought a new stake in Oracle in the 3rd quarter valued at about $4,160,000. Oppenheimer Asset Management Inc. lifted its holdings in Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares during the last quarter. Finally, Buckley Wealth Management LLC increased its stake in shares of Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 2,870 shares in the last quarter. 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.