Oracle (NYSE:ORCL) Trading Down 1.6% - What's Next?

Oracle Corporation (NYSE:ORCL - Get Free Report)'s share price was down 1.6% during mid-day trading on Monday . The company traded as low as $229.50 and last traded at $233.54. Approximately 5,648,206 shares traded hands during trading, a decline of 44% from the average daily volume of 10,144,050 shares. The stock had previously closed at $237.32.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORCL. Citigroup reissued an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

Oracle Stock Performance

The company has a market capitalization of $653.08 billion, a P/E ratio of 53.73, a P/E/G ratio of 3.55 and a beta of 1.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company's fifty day moving average is $178.14 and its 200 day moving average is $164.22.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for 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 company's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, 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. Insiders have sold 440,366 shares of company stock worth $83,103,603 in the last 90 days. 42.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oracle

Institutional investors and hedge funds have recently bought and sold shares of the business. Redmont Wealth Advisors LLC purchased a new position in Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the first quarter worth about $28,000. Iron Horse Wealth Management LLC increased its stake 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 purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Finally, Hurley Capital LLC purchased a new position in Oracle during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

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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