Oracle (NYSE:ORCL) Trading 1.4% Higher – Here’s What Happened

Shares of Oracle Co. (NYSE:ORCL) traded up 1.4% during trading on Thursday . The stock traded as high as $160.66 and last traded at $160.55. 2,256,379 shares traded hands during trading, a decline of 70% from the average session volume of 7,597,765 shares. The stock had previously closed at $158.31.

Analyst Ratings Changes

Several analysts recently issued reports on ORCL shares. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Guggenheim lifted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Up 0.9 %

The firm has a market cap of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. 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 firm’s 50-day moving average price is $176.00 and its two-hundred day moving average price is $161.21.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ORCL. Winch Advisory Services LLC grew its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Oracle during the third quarter valued at about $44,000. Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter valued at about $51,000. Friedenthal Financial bought a new stake in shares of Oracle during the third quarter valued at about $51,000. Finally, Activest Wealth Management grew its holdings in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

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.