Oracle (NYSE:ORCL) Stock Price Down 1.1% - What's Next?

Shares of Oracle Co. (NYSE:ORCL - Get Free Report) traded down 1.1% during mid-day trading on Monday . The stock traded as low as $167.17 and last traded at $167.73. 1,132,467 shares were traded during mid-day trading, a decline of 87% from the average session volume of 8,402,651 shares. The stock had previously closed at $169.66.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th. KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Evercore ISI increased their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $181.48.

Oracle Price Performance

The stock has a market cap of $473.08 billion, a PE ratio of 41.35, a PEG ratio of 3.39 and a beta of 1.03. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock's 50-day moving average is $179.83 and its two-hundred day moving average is $157.90.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, January 9th. Oracle's payout ratio is 39.12%.

Hedge Funds Weigh In On Oracle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. increased its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. State Street Corp raised its stake in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Altshuler Shaham Ltd boosted its position in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after acquiring an additional 1,526,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock worth $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Hedge funds and other institutional investors 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.