Oracle (NYSE:ORCL) Trading Down 2% - What's Next?

Oracle Corporation (NYSE:ORCL - Get Free Report) traded down 2% during trading on Tuesday . The company traded as low as $235.41 and last traded at $238.59. 4,595,771 shares were traded during trading, a decline of 56% from the average session volume of 10,337,029 shares. The stock had previously closed at $243.54.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. 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. Bank of America lifted their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim raised their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Mizuho reduced their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and an average target price of $218.29.

Oracle Stock Performance

The firm has a market capitalization of $667.93 billion, a PE ratio of 54.72, a P/E/G ratio of 3.66 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average price of $196.21 and a 200 day moving average price of $168.97.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given 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 0.84%. Oracle's dividend payout ratio is currently 46.08%.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The stock was 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 approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 over the last three months. Insiders own 42.20% of the company's stock.

Hedge Funds Weigh In On Oracle

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