Oracle (NYSE:ORCL) Issues Earnings Results, Beats Expectations By $0.06 EPS

Oracle (NYSE:ORCL - Get Free Report) posted its quarterly earnings results on Wednesday. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06, RTT News reports. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share.

Oracle Stock Up 3.4%

Shares of NYSE:ORCL traded up $6.79 during trading on Friday, hitting $206.65. The company's stock had a trading volume of 6,530,394 shares, compared to its average volume of 9,568,223. Oracle has a fifty-two week low of $118.86 and a fifty-two week high of $207.23. The business has a 50 day moving average price of $151.06 and a two-hundred day moving average price of $160.44. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $577.99 billion, a PE ratio of 50.65, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oracle stock. Revolve Wealth Partners LLC boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,418 shares of the enterprise software provider's stock after purchasing an additional 404 shares during the quarter. Revolve Wealth Partners LLC's holdings in Oracle were worth $903,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ORCL shares. Guggenheim reiterated a "buy" rating and issued a $220.00 target price on shares of Oracle in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $200.00 to $235.00 in a research report on Friday. Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday. Eleven 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $194.30.

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.