Oracle (NYSE:ORCL) Trading Up 2.7% - Here's Why

Key Points

• Oracle's share price increased by 2.7% during trading, reaching a high of $283.10 and closing at $280.09.
• Analysts have set a consensus target price of $323.69 for Oracle, with ratings indicating three Strong Buy, twenty-seven Buy, and nine Hold ratings.
• The company announced a quarterly dividend of $0.50 per share, with an ex-dividend date set for October 9th, and a yield of 0.7%.

Oracle Corporation (NYSE:ORCL - Get Free Report)'s share price was up 2.7% during trading on Thursday . The company traded as high as $283.10 and last traded at $280.09. Approximately 16,627,269 shares changed hands during trading, an increase of 8% from the average daily volume of 15,332,408 shares. The stock had previously closed at $272.66.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Rothschild Redb upgraded Oracle to a "strong sell" rating in a research report on Thursday, September 25th. Scotiabank lifted their target price on Oracle from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday, October 17th. Sanford C. Bernstein lifted their target price on Oracle from $363.00 to $364.00 and gave the company an "outperform" rating in a research report on Friday, September 26th. Cowen restated a "buy" rating on shares of Oracle in a research report on Friday, October 17th. Finally, UBS Group lifted their target price on Oracle from $360.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $323.69.

Oracle Price Performance

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 stock has a 50 day moving average price of $273.18 and a two-hundred day moving average price of $218.22. The firm has a market capitalization of $798.46 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 2.96 and a beta of 1.53.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

Insider Activity

In related news, insider Michael D. Sicilia sold 33,845 shares of the business's stock in a transaction on 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 completion of the transaction, the insider directly owned 132,656 shares of the company's stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of the business's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the transaction, the director directly owned 29,225 shares of the company's stock, 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. Insiders sold a total of 120,769 shares of company stock worth $36,428,967 over the last three months. Company insiders own 40.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after acquiring an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its position in shares of Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after acquiring an additional 2,110 shares in the last quarter. Private Wealth Asset Management LLC boosted its position in shares of Oracle by 9.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider's stock worth $835,000 after acquiring an additional 321 shares in the last quarter. Cascade Investment Group Inc. acquired a new position in shares of Oracle during the 2nd quarter worth about $239,000. Finally, Lockerman Financial Group Inc. acquired a new position in shares of Oracle during the 2nd quarter worth about $328,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.