Oracle (NYSE:ORCL) Shares Gap Up - Time to Buy?

Shares of Oracle Corporation (NYSE:ORCL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $210.24, but opened at $226.50. Oracle shares last traded at $222.81, with a volume of 6,661,796 shares.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. Piper Sandler restated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a report on Wednesday, June 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Finally, Barclays reissued an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $200.26.

Oracle Trading Up 5.8%

The business's 50-day moving average is $168.42 and its two-hundred day moving average is $162.15. The stock has a market capitalization of $625.07 billion, a PE ratio of 51.33, a PEG ratio of 3.15 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the company earned $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 completion of the transaction, the insider now directly owns 60,722 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by insiders.

Institutional Trading of Oracle

A number of hedge funds have recently made changes to their positions in the stock. Rockland Trust Co. lifted its position in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after buying an additional 467 shares during the last quarter. Cornerstone Advisory LLC lifted its holdings in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new stake in Oracle in the 4th quarter worth approximately $211,000. Secure Asset Management LLC boosted its position in Oracle by 21.8% during the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after purchasing an additional 2,365 shares during the period. Finally, City National Bank of Florida MSD acquired a new position in Oracle during the fourth quarter valued at approximately $274,000. 42.44% of the stock is owned by hedge funds and other 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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