Oracle (NYSE:ORCL) Stock Price Up 0% – Should You Buy?

Shares of Oracle Co. (NYSE:ORCL) shot up 0% during trading on Thursday . The company traded as high as $171.75 and last traded at $171.47. 664,640 shares traded hands during trading, a decline of 92% from the average session volume of 8,369,196 shares. The stock had previously closed at $171.41.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Trading Up 0.2 %

The firm has a 50 day simple moving average of $179.57 and a 200 day simple moving average of $158.64. The firm has a market cap of $480.52 billion, a P/E ratio of 42.00, a P/E/G ratio of 3.39 and a beta of 1.03. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. Oracle’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle’s payout ratio is 39.12%.

Hedge Funds Weigh In On Oracle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of Oracle during the second quarter worth approximately $27,000. Quest Partners LLC purchased a new stake in Oracle during the second quarter valued at about $40,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the third quarter valued at about $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Finally, Friedenthal Financial purchased a new stake in Oracle during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors 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.