Oracle - ORCL Stock Forecast, Price & News

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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database, an enterprise database; Java, a software development language; and middleware, including development tools and others. The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. Credit Suisse Group set a $115.00 price target on shares of Oracle in a research note on Tuesday, June 14th. Monness Crespi & Hardt reduced their price target on Oracle from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Tuesday, June 14th. Jefferies Financial Group raised their price target on Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. BNP Paribas raised Oracle from a "neutral" rating to an "outperform" rating and set a $90.00 price objective for the company in a report on Wednesday, June 29th. Finally, Daiwa Capital Markets lowered their target price on shares of Oracle from $87.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of "Hold" and an average price target of $88.95.

Oracle Stock Performance

NYSE:ORCL opened at $77.54 on Thursday. The firm has a market cap of $206.64 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 2.18 and a beta of 0.87. Oracle has a 52 week low of $63.76 and a 52 week high of $106.34. The firm's 50-day simple moving average is $71.87 and its 200 day simple moving average is $75.44.

Oracle (NYSE:ORCL - Get Rating) last released its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. The company had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Sell-side analysts anticipate that Oracle will post 4.43 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, July 11th. Oracle's payout ratio is currently 53.33%.

Insider Activity at Oracle

In related news, insider Edward Screven sold 419,174 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the sale, the insider now owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Safra Catz sold 980,000 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $69.80, for a total value of $68,404,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $78,077,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the sale, the insider now directly owns 2,492,613 shares in the company, valued at $172,538,671.86. The disclosure for this sale can be found here. Insiders sold a total of 3,399,174 shares of company stock valued at $232,369,224 over the last quarter. 43.40% of the stock is owned by corporate insiders.