Oracle (NYSE:ORCL) Trading 4.7% Higher - Here's What Happened

Oracle Corporation (NYSE:ORCL - Get Free Report)'s share price shot up 4.7% during trading on Monday . The stock traded as high as $228.22 and last traded at $220.07. 11,606,714 shares were traded during trading, an increase of 17% from the average session volume of 9,898,066 shares. The stock had previously closed at $210.24.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORCL. Bank of America boosted their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. DA Davidson upped their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald reduced their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Ten equities research 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.26.

Oracle Stock Performance

The company has a market capitalization of $617.48 billion, a P/E ratio of 50.65, a price-to-earnings-growth ratio of 3.15 and a beta of 1.32. The company's 50 day moving average is $168.42 and its 200-day moving average is $162.15. 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 announced its quarterly earnings data 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the company earned $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed 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 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 in the last quarter. Corporate insiders own 42.20% of the company's stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds have recently bought and sold shares of ORCL. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Oracle during the first quarter valued at approximately $12,824,000. Voya Investment Management LLC raised its stake in Oracle by 91.5% during the 1st quarter. Voya Investment Management LLC now owns 3,373,131 shares of the enterprise software provider's stock valued at $471,491,000 after buying an additional 1,612,113 shares during the last quarter. Optima Capital LLC raised its stake in Oracle by 17.8% during the 1st quarter. Optima Capital LLC now owns 5,072 shares of the enterprise software provider's stock valued at $709,000 after buying an additional 767 shares during the last quarter. 1248 Management LLC lifted its holdings in shares of Oracle by 501.9% during the 1st quarter. 1248 Management LLC now owns 30,198 shares of the enterprise software provider's stock valued at $4,222,000 after buying an additional 25,181 shares during the period. Finally, Cim LLC grew its holdings in shares of Oracle by 4.8% in the first quarter. Cim LLC now owns 2,204 shares of the enterprise software provider's stock worth $308,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

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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