Oracle (NYSE:ORCL) Trading Down 1.5% - Here's What Happened

Shares of Oracle Co. (NYSE:ORCL - Get Free Report) traded down 1.5% during trading on Friday . The company traded as low as $172.60 and last traded at $173.39. 2,280,848 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 11,902,625 shares. The stock had previously closed at $176.00.

Analyst Ratings Changes

A number of analysts recently commented on the company. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 10th. Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. JMP Securities reissued a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Finally, UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $182.73.

Oracle Trading Down 4.0 %

The stock has a 50-day moving average price of $169.10 and a two-hundred day moving average price of $166.74. 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 stock has a market capitalization of $472.56 billion, a PE ratio of 41.34, a PEG ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared 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 yield of 0.95%. Oracle's dividend payout ratio is presently 39.12%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by insiders.

Institutional Trading of Oracle

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased 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 valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. State Street Corp increased its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. FMR LLC increased its position in shares of Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.

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