Oracle (NYSE:ORCL) Trading Down 0.2% – Here’s What Happened

Oracle Co. (NYSE:ORCL)’s share price traded down 0.2% during mid-day trading on Monday . The company traded as low as $173.76 and last traded at $174.38. 679,267 shares were traded during trading, a decline of 92% from the average session volume of 8,422,109 shares. The stock had previously closed at $174.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ORCL shares. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Piper Sandler lifted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Guggenheim upped their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, BMO Capital Markets increased their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Trading Down 0.6 %

The stock has a market cap of $481.11 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company’s 50-day moving average price is $156.29 and its 200 day moving average price is $138.67.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

Large investors have recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter valued at approximately $35,000. Alaska Permanent Fund Corp purchased a new position in Oracle in the first quarter worth approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Oracle during the 1st quarter worth approximately $38,000. Hedge funds and other 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.