Oracle (NYSE:ORCL) Stock Price Up 2.9% - Should You Buy?

Key Points

• Oracle's stock price increased by 2.9%, closing at $312.53 after reaching a high of $322.54 during trading.
• Analysts are optimistic, with Guggenheim and Wolfe Research raising their price targets significantly to $375.00 and $400.00, respectively, while the overall consensus rating is a "Moderate Buy."
• The company announced a quarterly dividend of $0.50 per share, with an annual yield of 0.6%, scheduled for payment on October 23rd.

Oracle Corporation (NYSE:ORCL - Get Free Report)'s stock price shot up 2.9% during trading on Thursday . The stock traded as high as $322.54 and last traded at $312.53. 31,820,918 shares traded hands during mid-day trading, an increase of 111% from the average session volume of 15,110,034 shares. The stock had previously closed at $303.62.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Guggenheim boosted their target price on Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Wolfe Research upped their price target on Oracle from $300.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Jefferies Financial Group increased their price objective on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. increased their price objective on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, September 8th. Finally, Rothschild & Co Redburn initiated coverage on Oracle in a report on Thursday, September 25th. They set a "sell" rating and a $175.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.00.

Oracle Stock Up 2.9%

The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $890.96 billion, a P/E ratio of 72.34, a PEG ratio of 3.22 and a beta of 1.53. The stock has a 50-day moving average of $269.61 and a 200 day moving average of $213.14.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter in the previous year, the business posted $1.39 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is currently 46.30%.

Insider Transactions at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. The trade was a 7.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,769 shares of company stock valued at $36,428,967. Company insiders own 40.90% of the company's stock.

Institutional Trading of Oracle

A number of hedge funds have recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter worth $28,000. Winnow Wealth LLC purchased a new position in Oracle in the second quarter worth $28,000. Iron Horse Wealth Management LLC lifted its position in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Finally, Kilter Group LLC purchased a new stake in Oracle during the 2nd quarter worth about $30,000. 42.44% of the stock is 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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