Oracle (NYSE:ORCL) Stock Price Up 1.5%

Oracle Co. (NYSE:ORCLGet Free Report)’s share price shot up 1.5% during trading on Monday . The stock traded as high as $143.79 and last traded at $143.30. 1,918,259 shares were traded during trading, a decline of 78% from the average session volume of 8,669,170 shares. The stock had previously closed at $141.20.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. Guggenheim reaffirmed a “buy” rating and set a $175.00 target price on shares of Oracle in a report on Tuesday, June 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Mizuho boosted their target price on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Read Our Latest Stock Report on Oracle

Oracle Trading Up 1.7 %

The firm has a 50 day simple moving average of $125.24 and a 200 day simple moving average of $118.19. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $395.66 billion, a PE ratio of 38.63, a P/E/G ratio of 2.56 and a beta of 1.02.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the business earned $1.35 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors have recently added to or reduced their stakes in ORCL. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Oracle by 39.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock worth $846,000 after acquiring an additional 2,276 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Oracle by 1.9% during the third quarter. Advisors Asset Management Inc. now owns 48,633 shares of the enterprise software provider’s stock valued at $5,151,000 after purchasing an additional 921 shares in the last quarter. Alps Advisors Inc. lifted its position in Oracle by 107.9% during the third quarter. Alps Advisors Inc. now owns 96,562 shares of the enterprise software provider’s stock valued at $10,228,000 after purchasing an additional 50,121 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Oracle by 2.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,565,216 shares of the enterprise software provider’s stock worth $165,788,000 after buying an additional 32,000 shares in the last quarter. Finally, Elevatus Welath Management increased its holdings in shares of Oracle by 10.2% in the 3rd quarter. Elevatus Welath Management now owns 4,906 shares of the enterprise software provider’s stock worth $520,000 after buying an additional 453 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

About Oracle

(Get Free Report)

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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