Oracle (NYSE:ORCL) Stock Price Down 1.1% - Here's Why

Oracle Corporation (NYSE:ORCL - Get Free Report)'s stock price traded down 1.1% during trading on Wednesday . The stock traded as low as $212.88 and last traded at $212.94. 3,755,564 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 9,877,302 shares. The stock had previously closed at $215.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ORCL shares. Bank of America increased their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. KeyCorp boosted their price target on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Stephens assumed coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price on the stock. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $197.67.

Oracle Trading Down 1.1%

The firm has a market cap of $597.96 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 3.10 and a beta of 1.32. The company's 50-day moving average price is $163.48 and its 200-day moving average price is $161.64. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given 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 0.94%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on 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 now owns 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the 4th quarter worth $30,000. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% during the first 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 last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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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