Oracle (NYSE:ORCL) Trading Down 1.1%

Oracle Co. (NYSE:ORCL - Get Free Report) shares traded down 1.1% on Tuesday . The company traded as low as $166.81 and last traded at $168.46. 4,341,066 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 8,546,357 shares. The stock had previously closed at $170.33.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Melius upgraded Oracle from a "hold" rating to a "buy" rating and set a $210.00 price target for the company in a research note on Monday. KeyCorp lifted their target price on Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Morgan Stanley upped their price target on Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Oracle from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, June 17th. Finally, BMO Capital Markets upped their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.88.

Oracle Stock Performance

The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $464.05 billion, a PE ratio of 45.14, a P/E/G ratio of 2.95 and a beta of 1.01. The company's fifty day simple moving average is $140.89 and its 200 day simple moving average is $130.95.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts' expectations of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. Oracle's revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Oracle's dividend payout ratio (DPR) is 43.13%.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred on 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 owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company's stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold 1,868,820 shares of company stock valued at $267,819,424 in the last quarter. 42.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oracle

A number of institutional investors have recently made changes to their positions in the stock. Contour Asset Management LLC lifted its position in Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider's stock worth $231,203,000 after buying an additional 643,490 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of 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 acquiring an additional 3,291 shares during the last quarter. Heritage Wealth Advisors boosted its stake in shares of Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider's stock valued at $1,792,000 after purchasing an additional 109 shares in the last quarter. Seven Mile Advisory grew its holdings in shares of Oracle by 10.6% during the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider's stock valued at $552,000 after purchasing an additional 502 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised its position in Oracle by 25.0% in the 1st 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 during the period. Institutional investors own 42.44% of the company's stock.

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.