Oracle (NYSE:ORCL) Stock Price Down 0.5% – Here’s Why

Oracle Co. (NYSE:ORCL) shares were down 0.5% during trading on Monday . The stock traded as low as $168.73 and last traded at $169.18. Approximately 1,144,113 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,268,075 shares. The stock had previously closed at $170.02.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORCL. Guggenheim increased their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Down 0.2 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $470.06 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 3.09 and a beta of 1.02. The firm has a 50 day moving average of $163.43 and a two-hundred day moving average of $142.24.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares in the last quarter. W Advisors LLC increased its stake in Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Oracle by 1.7% during the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the period. Oak Ridge Investments LLC boosted its position in shares of Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after buying an additional 65 shares during the period. Finally, Trust Point Inc. boosted its holdings in shares of Oracle by 0.5% in the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares during the period. Institutional investors own 42.44% of the company’s stock.

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.