Oracle (NYSE:ORCL) Trading Down 0.5% - What's Next?

Oracle Co. (NYSE:ORCL - Get Free Report) shares fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $153.05 and last traded at $154.12. 1,799,172 shares were traded during trading, a decline of 79% from the average session volume of 8,509,694 shares. The stock had previously closed at $154.87.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. JMP Securities restated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. DA Davidson reissued a "neutral" rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $179.20.

Oracle Price Performance

The stock has a market cap of $391.57 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50-day simple moving average of $164.35 and a two-hundred day simple moving average of $170.11.

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Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.43%. Oracle's dividend payout ratio is currently 46.95%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

Institutional Trading of Oracle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Oracle in the fourth quarter valued at about $2,216,314,000. Raymond James Financial Inc. acquired a new position in shares of Oracle in the 4th quarter valued at approximately $930,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Vanguard Group Inc. boosted its position in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in Oracle by 268.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after acquiring an additional 2,242,520 shares during the last quarter. Institutional investors and hedge funds 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.