Oracle (NYSE:ORCL) Trading Up 0.4% – What’s Next?

Oracle Co. (NYSE:ORCL)’s stock price shot up 0.4% during mid-day trading on Thursday . The company traded as high as $168.69 and last traded at $167.25. 1,133,101 shares changed hands during trading, a decline of 86% from the average session volume of 8,338,902 shares. The stock had previously closed at $166.64.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. Finally, KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Oracle Trading Down 0.8 %

The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock’s 50 day moving average price is $178.93 and its 200-day moving average price is $159.86. The stock has a market capitalization of $462.36 billion, a PE ratio of 40.42, a PEG ratio of 3.39 and a beta of 1.03.

Oracle (NYSE:ORCL) 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). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Hedge Funds Weigh In On Oracle

Several institutional investors have recently bought and sold shares of ORCL. Versor Investments LP purchased a new position in Oracle in the second quarter worth about $765,000. Tortoise Investment Management LLC raised its holdings in shares of Oracle by 59.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 939 shares of the enterprise software provider’s stock valued at $133,000 after purchasing an additional 349 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in Oracle during the second quarter worth $552,000. Naviter Wealth LLC lifted its stake in shares of Oracle by 20.4% during the 2nd quarter. Naviter Wealth LLC now owns 7,317 shares of the enterprise software provider’s stock worth $1,033,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Oracle by 0.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 136,905 shares of the enterprise software provider’s stock valued at $19,331,000 after purchasing an additional 512 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.