Oracle (NYSE:ORCL) Shares Down 1.2% - What's Next?

Key Points

• Oracle's stock dropped 1.2% to $245.42, with trading volume falling 84% from its average.
• Analysts have mostly given Oracle a positive outlook, with 23 buy ratings and price targets rising, including a recent increase from Guggenheim to $250.00.
• The company reported $1.70 earnings per share, exceeding expectations, with a 21.68% net margin and a year-over-year revenue increase of 11.3%.

Oracle Corporation (NYSE:ORCL - Get Free Report)'s stock price traded down 1.2% on Monday . The stock traded as low as $243.62 and last traded at $245.42. 1,883,898 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 11,943,395 shares. The stock had previously closed at $248.28.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Guggenheim boosted their price target on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Finally, JMP Securities boosted their price target on shares of Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Stock Up 0.1%

The stock's fifty day moving average is $230.54 and its two-hundred day moving average is $180.59. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $698.27 billion, a PE ratio of 57.22, a P/E/G ratio of 3.71 and a beta of 1.43.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insiders Place Their Bets

In related news, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last ninety days. 42.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Snider Financial Group increased its position in shares of Oracle by 1.3% during the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider's stock valued at $701,000 after buying an additional 40 shares during the period. SNS Financial Group LLC increased its position in shares of Oracle by 0.9% during the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider's stock valued at $1,070,000 after buying an additional 42 shares during the period. PKS Advisory Services LLC increased its position in shares of Oracle by 1.9% during the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider's stock valued at $483,000 after buying an additional 42 shares during the period. Reyes Financial Architecture Inc. increased its position in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after buying an additional 43 shares during the period. Finally, Creative Capital Management Investments LLC increased its position in shares of Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock valued at $174,000 after buying an additional 43 shares during the period. 42.44% of the stock is currently owned by institutional investors.

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.

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