Oracle Co. (NYSE:ORCL) Plans Quarterly Dividend of $0.50

Oracle Co. (NYSE:ORCL - Get Free Report) declared a quarterly dividend on Thursday, June 12th, Wall Street Journal reports. Shareholders of record on Thursday, July 10th will be paid a dividend of 0.50 per share by the enterprise software provider on Thursday, July 24th. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, July 10th.

Oracle has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.7%.

Oracle Price Performance

ORCL traded up $15.68 during trading on Friday, hitting $215.54. 53,639,099 shares of the stock traded hands, compared to its average volume of 9,727,755. Oracle has a twelve month low of $118.86 and a twelve month high of $216.46. The company has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day moving average price of $152.88 and a 200 day moving average price of $160.62.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock valued at $80,183,723 in the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oracle

An institutional investor recently raised its position in Oracle stock. Brighton Jones LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 189.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,580 shares of the enterprise software provider's stock after purchasing an additional 100,494 shares during the quarter. Oracle comprises 0.7% of Brighton Jones LLC's investment portfolio, making the stock its 20th biggest holding. Brighton Jones LLC's holdings in Oracle were worth $25,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. JMP Securities upped their price target on shares of Oracle from $205.00 to $240.00 and gave the stock a "market outperform" rating in a report on Thursday. UBS Group upped their price target on shares of Oracle from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Guggenheim reiterated a "buy" rating and set a $220.00 price target on shares of Oracle in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $200.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $194.32.

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.