Oracle (NYSE:ORCL) Stock Price Down 1.2% – Here’s What Happened

Oracle Co. (NYSE:ORCL) was down 1.2% on Friday . The stock traded as low as $183.43 and last traded at $184.24. Approximately 4,085,595 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 12,920,499 shares. The stock had previously closed at $186.47.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORCL shares. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. 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 research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note 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 research note on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Down 1.1 %

The company has a market cap of $515.65 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s fifty day moving average price is $174.41 and its 200-day moving average price is $162.22.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. Sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio is currently 39.12%.

Institutional Investors Weigh In On Oracle

Several institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth about $44,000. Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter worth about $47,000. Finally, Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter worth about $51,000. 42.44% of the stock is owned by institutional investors.

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.