Oracle (NYSE:ORCL) Sees Strong Trading Volume – Here’s What Happened

Oracle Co. (NYSE:ORCL) saw unusually-high trading volume on Tuesday . Approximately 20,974,172 shares were traded during trading, an increase of 121% from the previous session’s volume of 9,497,800 shares.The stock last traded at $172.58 and had previously closed at $161.03.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ORCL. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Evercore ISI increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 1.0 %

The firm has a market capitalization of $520.44 billion, a price-to-earnings ratio of 45.50, a P/E/G ratio of 3.39 and a beta of 1.06. 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 company has a 50 day moving average price of $174.43 and a two-hundred day moving average price of $162.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Institutional Trading of Oracle

Institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new position in Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter worth about $44,000. Synergy Asset Management LLC acquired a new position in Oracle during the fourth quarter worth about $47,000. Finally, Avondale Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at about $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

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.