Oracle (NYSE:ORCL) Stock Price Up 0.9%

Oracle Co. (NYSE:ORCL - Get Free Report) was up 0.9% on Thursday . The company traded as high as $122.88 and last traded at $122.84. Approximately 1,249,549 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 8,689,700 shares. The stock had previously closed at $121.75.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their target price on Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a report on Tuesday, March 12th. Argus raised shares of Oracle from a "hold" rating to a "buy" rating in a research report on Thursday, March 14th. William Blair upgraded shares of Oracle from a "market perform" rating to an "outperform" rating in a research note on Tuesday, March 12th. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They issued an "overweight" rating and a $150.00 target price on the stock. Finally, Piper Sandler reduced their price objective on shares of Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, January 2nd. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.76.

Oracle Stock Up 1.2 %

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market cap of $338.73 billion, a PE ratio of 32.52, a PEG ratio of 2.41 and a beta of 1.01. The company's fifty day moving average is $118.82 and its 200-day moving average is $112.26.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle's dividend payout ratio is currently 42.22%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.80% of the company's stock.

Institutional Trading of Oracle

Several hedge funds have recently bought and sold shares of ORCL. Fairfield Bush & CO. raised its position in shares of Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider's stock valued at $6,105,000 after buying an additional 2,221 shares in the last quarter. AMI Investment Management Inc. lifted its stake in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider's stock valued at $1,693,000 after purchasing an additional 579 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider's stock worth $48,686,000 after purchasing an additional 132,920 shares during the period. Zions Bancorporation N.A. increased its position in shares of Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider's stock valued at $567,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider's stock valued at $165,000 after buying an additional 1,109 shares during the period. 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.