Oracle (NYSE:ORCL) Upgraded at StockNews.com

StockNews.com upgraded shares of Oracle (NYSE:ORCL) from a hold rating to a buy rating in a report published on Saturday.

ORCL has been the topic of a number of other reports. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Down 0.9 %

ORCL stock opened at $168.60 on Friday. Oracle has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business’s 50 day moving average price is $171.89 and its two-hundred day moving average price is $163.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $471.57 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

Large investors have recently modified their holdings of the company. Czech National Bank grew its holdings in Oracle by 7.2% during the 3rd quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock worth $55,484,000 after acquiring an additional 21,832 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Oracle by 2.1% in the 3rd quarter. Park Avenue Securities LLC now owns 23,743 shares of the enterprise software provider’s stock worth $4,046,000 after purchasing an additional 495 shares during the last quarter. Duncan Williams Asset Management LLC acquired a new position in shares of Oracle in the 3rd quarter worth approximately $217,000. Triton Wealth Management PLLC increased its position in shares of Oracle by 2.6% in the third quarter. Triton Wealth Management PLLC now owns 5,169 shares of the enterprise software provider’s stock worth $867,000 after acquiring an additional 129 shares in the last quarter. Finally, Lwmg LLC purchased a new position in shares of Oracle in the third quarter worth approximately $215,000. Institutional investors and hedge funds 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.