Shares of Oracle Corporation (NYSE:ORCL - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $251.98 and last traded at $251.20, with a volume of 1167694 shares trading hands. The stock had previously closed at $247.71.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. BMO Capital Markets boosted their price objective on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Royal Bank Of Canada boosted their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.
Check Out Our Latest Report on ORCL
Oracle Stock Down 0.1%
The firm's 50 day moving average is $206.18 and its 200-day moving average is $172.36. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market cap of $694.91 billion, a PE ratio of 57.09, a P/E/G ratio of 3.66 and a beta of 1.39.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the firm earned $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is currently 46.08%.
Insider Activity at Oracle
In related 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 sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 in the last ninety days. Company insiders own 42.20% of the company's stock.
Institutional Trading of Oracle
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Huntleigh Advisors Inc. increased its holdings in Oracle by 1.9% during the second quarter. Huntleigh Advisors Inc. now owns 40,386 shares of the enterprise software provider's stock worth $8,829,000 after buying an additional 737 shares during the last quarter. Hartline Investment Corp boosted its position in shares of Oracle by 1.3% in the second quarter. Hartline Investment Corp now owns 3,845 shares of the enterprise software provider's stock valued at $841,000 after acquiring an additional 51 shares during the period. Carmel Capital Partners LLC boosted its position in shares of Oracle by 10.4% in the second quarter. Carmel Capital Partners LLC now owns 16,148 shares of the enterprise software provider's stock valued at $3,531,000 after acquiring an additional 1,521 shares during the period. Chevy Chase Trust Holdings LLC grew its stake in Oracle by 0.9% during the second quarter. Chevy Chase Trust Holdings LLC now owns 885,632 shares of the enterprise software provider's stock worth $193,626,000 after buying an additional 7,803 shares in the last quarter. Finally, Arista Wealth Management LLC raised its position in shares of Oracle by 8.8% in the 2nd quarter. Arista Wealth Management LLC now owns 4,651 shares of the enterprise software provider's stock valued at $1,017,000 after buying an additional 376 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Company Profile
(
Get Free Report)
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.
Further Reading
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