Oracle (NYSE:ORCL) Reaches New 1-Year High - What's Next?

Oracle Corporation (NYSE:ORCL - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $228.22 and last traded at $218.98, with a volume of 31823670 shares. The stock had previously closed at $210.24.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday, June 10th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.26.

Oracle Price Performance

The firm has a 50-day moving average of $170.34 and a 200-day moving average of $162.47. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $615.08 billion, a P/E ratio of 50.46, a PEG ratio of 3.15 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director directly owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 in the last three months. 42.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ORCL. AG2R LA Mondiale Gestion D Actifs purchased a new position in Oracle during the first quarter valued at $12,824,000. Voya Investment Management LLC lifted its position in shares of Oracle by 91.5% during the 1st quarter. Voya Investment Management LLC now owns 3,373,131 shares of the enterprise software provider's stock valued at $471,491,000 after buying an additional 1,612,113 shares in the last quarter. Optima Capital LLC lifted its position in shares of Oracle by 17.8% during the 1st quarter. Optima Capital LLC now owns 5,072 shares of the enterprise software provider's stock valued at $709,000 after buying an additional 767 shares in the last quarter. 1248 Management LLC grew its stake in shares of Oracle by 501.9% during the 1st quarter. 1248 Management LLC now owns 30,198 shares of the enterprise software provider's stock valued at $4,222,000 after acquiring an additional 25,181 shares during the period. Finally, Cim LLC increased its holdings in Oracle by 4.8% in the 1st quarter. Cim LLC now owns 2,204 shares of the enterprise software provider's stock worth $308,000 after acquiring an additional 100 shares in the last quarter. 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.

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