Oracle (NYSE:ORCL) Stock Price Down 4.9% – Here’s What Happened

Oracle Co. (NYSE:ORCL) traded down 4.9% during trading on Friday . The company traded as low as $154.56 and last traded at $154.75. 4,047,938 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 6,061,676 shares. The stock had previously closed at $162.74.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. UBS Group increased their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Performance

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 company has a market capitalization of $431.74 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 3.39 and a beta of 1.06. The firm has a 50-day simple moving average of $177.62 and a two-hundred day simple moving average of $160.88.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. 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 business earned $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at about $27,000. Quest Partners LLC purchased a new stake in Oracle in the second quarter valued at approximately $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the third quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

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.