Oracle (NYSE:ORCL) Stock Price Up 0.3%

Shares of Oracle Co. (NYSE:ORCLGet Free Report) rose 0.3% on Friday . The company traded as high as $124.72 and last traded at $123.81. Approximately 1,758,639 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 7,937,068 shares. The stock had previously closed at $123.50.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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Oracle Stock Performance

The stock has a market capitalization of $346.09 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.60 and a beta of 1.01. The stock has a fifty day moving average of $120.21 and a 200-day moving average of $115.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock worth $110,488,150 in the last quarter. Company insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares in the last quarter. Capital World Investors boosted its stake in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after acquiring an additional 2,191,342 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

About Oracle

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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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