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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Credit Suisse Group set a $115.00 price objective on Oracle in a research note on Tuesday, June 14th. JPMorgan Chase & Co. set a $82.00 target price on Oracle in a research report on Thursday, June 16th. Exane BNP Paribas upgraded Oracle from a "neutral" rating to an "outperform" rating in a report on Wednesday, June 29th. BMO Capital Markets lowered their price objective on Oracle from $92.00 to $86.00 in a research note on Tuesday, June 14th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $75.00 target price on shares of Oracle in a research report on Monday, June 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $89.77.

Oracle Trading Down 0.1 %

ORCL Stock opened at $79.11 on Tuesday. Oracle has a 1-year low of $63.76 and a 1-year high of $106.34. The company's 50 day moving average is $72.34 and its 200 day moving average is $75.33. The stock has a market cap of $210.82 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, July 11th. Oracle's dividend payout ratio is currently 53.33%.

Insider Buying and Selling

In related news, insider Edward Screven sold 419,174 shares of the business's stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, 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 SEC, which is available through this hyperlink. In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the business's stock in a transaction on Friday, June 17th. The stock was sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $76,153,743.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Screven sold 419,174 shares of the business's stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now owns 2,492,613 shares of the company's stock, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,399,174 shares of company stock worth $232,369,224. 43.40% of the stock is owned by corporate insiders.