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Oracle (NYSE:ORCL) Shares Up 1.3% - Still a Buy?

Oracle logo with Computer and Technology background

Oracle Corporation (NYSE:ORCL - Get Free Report) shot up 1.3% on Wednesday . The company traded as high as $241.36 and last traded at $241.13. 1,857,033 shares were traded during trading, a decline of 82% from the average session volume of 10,349,300 shares. The stock had previously closed at $238.11.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. Finally, Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

View Our Latest Stock Report on ORCL

Oracle Stock Up 0.9%

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 business's 50 day simple moving average is $204.42 and its 200-day simple moving average is $171.59. The company has a market cap of $688.31 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insiders Place Their Bets

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business'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 value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 448,669 shares of company stock valued at $85,555,309 over the last 90 days. Company insiders own 42.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter valued at $30,000. Finally, Hurley Capital LLC bought a new position in Oracle during the fourth quarter worth about $33,000. 42.44% of the stock is currently owned by institutional investors.

About Oracle

(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.

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