Oracle (NYSE:ORCL) Shares Down 1%

Oracle Co. (NYSE:ORCL - Get Free Report) shares were down 1% during mid-day trading on Tuesday . The stock traded as low as $163.92 and last traded at $164.32. Approximately 1,329,316 shares were traded during trading, a decline of 85% from the average daily volume of 8,596,849 shares. The stock had previously closed at $165.95.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, June 17th. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. UBS Group boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. 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 report on Monday, September 16th. Finally, Barclays boosted their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average target price of $166.13.

Oracle Stock Down 0.1 %

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50 day simple moving average of $143.22 and a two-hundred day simple moving average of $132.84. The company has a market capitalization of $456.92 billion, a PE ratio of 44.69, a P/E/G ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, October 10th. Oracle's dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Screven sold 37,221 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at $368,246,045.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,610,402 shares of company stock valued at $230,556,257. 42.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

Several institutional investors have recently bought and sold shares of the business. Werlinich Asset Management LLC increased its holdings in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider's stock valued at $326,000 after purchasing an additional 70 shares in the last quarter. RFP Financial Group LLC raised its holdings in shares of Oracle by 2.7% during the 2nd 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 period. Invst LLC lifted its position in Oracle by 2.4% during the 2nd quarter. Invst LLC now owns 3,372 shares of the enterprise software provider's stock worth $482,000 after acquiring an additional 79 shares in the last quarter. ERn Financial LLC boosted its holdings in Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider's stock worth $1,823,000 after acquiring an additional 80 shares during the period. Finally, Key Financial Inc grew its position 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 in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.