Oracle (NYSE:ORCL) Stock Price Up 0% – Here’s Why

Shares of Oracle Co. (NYSE:ORCL) rose 0% on Friday . The stock traded as high as $168.92 and last traded at $168.85. Approximately 2,544,494 shares traded hands during trading, a decline of 70% from the average daily volume of 8,385,711 shares. The stock had previously closed at $168.79.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. BMO Capital Markets increased their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

The stock’s 50 day moving average is $179.83 and its 200 day moving average is $157.66. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The firm has a market cap of $474.53 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its earnings results 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Institutional Trading of Oracle

Several hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the period. Franklin Resources Inc. increased its stake in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp raised its holdings in Oracle by 2.7% in 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 acquiring an additional 1,847,561 shares in the last quarter. Altshuler Shaham Ltd lifted 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 valued at $219,224,000 after acquiring an additional 1,526,500 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 purchasing an additional 885,041 shares in 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.