Oracle (NYSE:ORCL) Trading Down 0.6% – Should You Sell?

Shares of Oracle Co. (NYSE:ORCLGet Free Report) fell 0.6% during mid-day trading on Monday . The stock traded as low as $152.50 and last traded at $153.60. 2,357,214 shares were traded during mid-day trading, a decline of 66% from the average session volume of 6,993,057 shares. The stock had previously closed at $154.50.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Read Our Latest Report on ORCL

Oracle Price Performance

The company has a fifty day moving average price of $176.99 and a two-hundred day moving average price of $161.24. The firm has a market capitalization of $442.90 billion, a PE ratio of 38.72, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company posted $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ORCL. International Assets Investment Management LLC grew its holdings in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the period. Franklin Resources Inc. boosted its position in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. State Street Corp grew its holdings in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd increased its position in shares of Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after buying an additional 1,526,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

About Oracle

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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.

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