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

Oracle Co. (NYSE:ORCLGet Free Report)’s share price traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $161.43 and last traded at $161.86. 1,746,237 shares changed hands during trading, a decline of 68% from the average session volume of 5,468,530 shares. The stock had previously closed at $162.03.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ORCL shares. Stifel Nicolaus raised their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Check Out Our Latest Analysis on Oracle

Oracle Price Performance

The firm has a market cap of $431.74 billion, a PE ratio of 37.74, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s fifty day simple moving average is $177.62 and its two-hundred day simple moving average is $160.73.

Oracle (NYSE:ORCLGet Free Report) last issued its earnings results 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 business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the business posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Hedge Funds Weigh In On Oracle

Institutional investors have recently bought and sold shares of the business. Activest Wealth Management raised its holdings in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC lifted its holdings in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank grew its stake in Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the period. Eagle Rock Investment Company LLC raised its holdings in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC raised its holdings in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. Institutional investors own 42.44% of the company’s stock.

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.

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