Oracle (NYSE:ORCL) shares rose 0.3%

The stock price of Oracle Co. (NYSE:ORCL – Get Free Report ) was up 0.3% during mid-day trading on Thursday. The stock traded as high as $141.08 and last traded at $140.69. About 654,422 shares traded hands during trading, down 92% from the average daily volume of 8,157,699 shares. Shares previously closed at $140.20.

Changes in Analyst Ratings

Several equities research analysts recently commented on the company. UBS Group lifted their price target on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Guggenheim reiterated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Citigroup reduced their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Finally, TD Cowen raised their target price on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83, according to MarketBeat.

View the latest stock report on Oracle

Oracle Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.72, and a debt-to-equity ratio of 8.25. The company has a 50-day simple moving average of $138.95 and a 200-day simple moving average of $126.55. The stock has a market cap of $383.48 billion, a P/E ratio of 37.51, a PEG ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL – Get Free Report ) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $1.35. Sell-side analysts estimate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle announces dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a dividend of $1.60 on an annualized basis and a yield of 1.15%. Oracle’s dividend payout ratio is 43.13%.

Internal Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last 90 days. Corporate insiders own 42.80% of the company’s shares.

Hedge funds hurt Oracle

Several institutional investors and hedge funds have recently modified their holdings of ORCL. Contour Asset Management LLC grew its position in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares during the last quarter. Hancock Whitney Corp boosted its stake in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the period. Heritage Wealth Advisors boosted its holdings in Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares in the last quarter. Seven Mile Advisory grew its position in Oracle by 10.6% in the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after purchasing an additional 502 shares during the period . Finally, Goelzer Investment Management Inc. boosted its holdings in shares of Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after purchasing an additional 1,500 shares in the last quarter. 42.44% of the shares are currently owned by institutional investors and hedge funds.

Oracle Company Profile

(Get a free report)

Oracle Corporation provides products and services that address enterprise technology environments around the world. Oracle cloud software as a service offering includes 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 suite of applications, and Oracle Fusion Sales, Service and Marketing.

Featured stories

Get news and reviews 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.