Oracle (NYSE:ORCL) Stock Price Up 0.4% - Here's Why

Oracle Co. (NYSE:ORCL - Get Free Report)'s stock price traded up 0.4% during trading on Tuesday . The stock traded as high as $173.46 and last traded at $173.12. 723,221 shares were traded during mid-day trading, a decline of 91% from the average session volume of 8,304,340 shares. The stock had previously closed at $172.42.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Stifel Nicolaus lifted their price target on Oracle from $135.00 to $155.00 and gave the company a "hold" rating in a report on Tuesday, September 10th. JMP Securities boosted their price target on Oracle from $175.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Friday, October 18th. Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the company a "neutral" rating in a research note on Wednesday, September 11th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.52.

Oracle Trading Up 0.6 %

The stock has a market cap of $480.74 billion, a PE ratio of 44.70, a PEG ratio of 3.20 and a beta of 1.01. The company's fifty day moving average is $160.84 and its 200-day moving average is $140.79. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle's dividend payout ratio is currently 41.24%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ORCL. Itau Unibanco Holding S.A. increased its stake in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after buying an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. increased its position in shares of Oracle by 25.0% during 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. Buckley Wealth Management LLC raised its stake in Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider's stock valued at $1,256,000 after purchasing an additional 2,870 shares during the last quarter. GAMMA Investing LLC raised its stake in Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider's stock valued at $3,151,000 after purchasing an additional 7,982 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider's stock valued at $21,491,000 after purchasing an additional 8,790 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

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.