Oracle (NYSE:ORCL) Shares Up 1.4% - What's Next?

Shares of Oracle Co. (NYSE:ORCL - Get Free Report) were up 1.4% during mid-day trading on Wednesday . The company traded as high as $159.15 and last traded at $158.56. Approximately 2,939,935 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 7,317,241 shares. The stock had previously closed at $156.31.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORCL shares. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Monness Crespi & Hardt lowered shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. Finally, BNP Paribas upgraded Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $181.48.

Remove Ads

Oracle Stock Up 1.3 %

The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The stock's fifty day simple moving average is $176.99 and its 200-day simple moving average is $161.24. The stock has a market cap of $442.90 billion, a P/E ratio of 38.72, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. On average, research analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. Oracle's dividend payout ratio (DPR) is presently 39.12%.

Institutional Trading of Oracle

Hedge funds have recently bought and sold shares of the company. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Fairway Wealth LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter valued at $44,000. Quest Partners LLC acquired a new position in Oracle during the 2nd quarter worth $40,000. Finally, Avondale Wealth Management bought a new position in shares of Oracle in the third quarter worth $51,000. 42.44% of the stock is currently owned by 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.