Oracle (NYSE:ORCL) Stock Price Down 0.8% - Here's Why

Oracle Co. (NYSE:ORCL - Get Free Report) shares fell 0.8% during mid-day trading on Tuesday . The company traded as low as $174.25 and last traded at $174.70. 1,505,950 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,481,448 shares. The stock had previously closed at $176.12.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORCL. JMP Securities raised shares of Oracle from a "market perform" rating to an "outperform" rating and set a $175.00 price objective for the company in a report on Tuesday, September 10th. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a "neutral" rating in a report on Wednesday, September 11th. KeyCorp upped their price objective on shares of Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. DA Davidson upped their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Finally, Melius raised shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $167.42.

Oracle Trading Down 1.1 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business's fifty day simple moving average is $153.52 and its two-hundred day simple moving average is $137.62. The company has a market cap of $479.80 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 3.29 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 for the quarter, topping 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 quarter last year, the company earned $0.95 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle's payout ratio is currently 43.13%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the firm's stock in a transaction that occurred on 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 approximately $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on 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 completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 42.80% of the company's stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Magnus Financial Group LLC boosted its position in shares of Oracle by 7.1% during the 3rd quarter. Magnus Financial Group LLC now owns 7,101 shares of the enterprise software provider's stock worth $1,210,000 after purchasing an additional 473 shares in the last quarter. Investment Advisory Group LLC boosted its position in shares of Oracle by 12.8% during the 3rd quarter. Investment Advisory Group LLC now owns 1,928 shares of the enterprise software provider's stock worth $329,000 after purchasing an additional 219 shares in the last quarter. Keystone Wealth Services LLC boosted its position in shares of Oracle by 8.5% during the 3rd quarter. Keystone Wealth Services LLC now owns 2,043 shares of the enterprise software provider's stock worth $348,000 after purchasing an additional 160 shares in the last quarter. RDA Financial Network boosted its position in shares of Oracle by 7.9% during the 3rd quarter. RDA Financial Network now owns 18,409 shares of the enterprise software provider's stock worth $3,137,000 after purchasing an additional 1,347 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Oracle by 10.9% during the 3rd quarter. NBC Securities Inc. now owns 34,920 shares of the enterprise software provider's stock worth $5,950,000 after purchasing an additional 3,434 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.