Oracle (NYSE:ORCL) Trading Down 0.7%

Oracle Co. (NYSE:ORCLGet Free Report) was down 0.7% during trading on Friday . The company traded as low as $127.55 and last traded at $128.07. Approximately 1,661,802 shares were traded during trading, a decline of 82% from the average daily volume of 9,258,921 shares. The stock had previously closed at $129.01.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORCL shares. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Wolfe Research dropped their price objective on Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Piper Sandler dropped their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Finally, Morgan Stanley dropped their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Check Out Our Latest Report on ORCL

Oracle Price Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a fifty day moving average price of $115.22 and a two-hundred day moving average price of $111.54. The stock has a market capitalization of $351.23 billion, a P/E ratio of 33.72, a P/E/G ratio of 2.50 and a beta of 1.00.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the company earned $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.25%. Oracle’s payout ratio is 42.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invst LLC boosted its position in Oracle by 2.7% in the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares during the last quarter. Nemes Rush Group LLC lifted its position in shares of Oracle by 1.2% during the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC lifted its position in shares of Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares in the last quarter. Sovereign Financial Group Inc. lifted its position in shares of Oracle by 2.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. lifted its position in shares of Oracle by 0.3% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after buying an additional 90 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

About Oracle

(Get Free Report)

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.

Read More

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.