Oracle (NYSE:ORCL) Stock Price Down 0.2%

Oracle Co. (NYSE:ORCL - Get Free Report)'s share price traded down 0.2% during mid-day trading on Friday . The stock traded as low as $166.71 and last traded at $167.23. 2,274,374 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 8,586,053 shares. The stock had previously closed at $167.59.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 10th. Argus lifted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a "buy" rating in a research report on Tuesday, June 18th. Melius upgraded shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 price objective on the stock in a research report on Monday. UBS Group lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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 quick ratio of 0.72 and a current ratio of 0.72. The firm's 50 day moving average is $142.30 and its 200-day moving average is $131.81. The firm has a market cap of $462.87 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last released 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 EPS. Oracle's quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle's dividend payout ratio is 43.13%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Edward Screven sold 426,861 shares of the company's stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company's stock, valued at $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Smith sold 6,320 shares of the company's 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 transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders sold a total of 1,610,402 shares of company stock valued at $230,556,257 in the last quarter. Insiders own 42.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Werlinich Asset Management LLC raised its position in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider's stock valued at $326,000 after buying an additional 70 shares during the last quarter. RFP Financial Group LLC raised its position in shares of Oracle by 2.7% during the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider's stock valued at $405,000 after buying an additional 75 shares during the last quarter. Invst LLC increased its stake in Oracle by 2.4% in the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider's stock valued at $482,000 after acquiring an additional 79 shares during the period. ERn Financial LLC increased its stake in Oracle by 0.6% in the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider's stock valued at $1,823,000 after acquiring an additional 80 shares during the period. Finally, Key Financial Inc increased its stake in Oracle by 1.2% in the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider's stock valued at $932,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

About Oracle

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.