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

ORCL has been the subject of several recent research reports. UBS Group set a $75.00 target price on shares of Oracle in a research report on Tuesday, June 14th. Daiwa Capital Markets reduced their target price on Oracle from $87.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, June 27th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Oracle in a research note on Monday, June 20th. BMO Capital Markets cut their price target on shares of Oracle from $92.00 to $86.00 in a research report on Tuesday, June 14th. Finally, Exane BNP Paribas raised shares of Oracle from a "neutral" rating to an "outperform" rating in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $89.77.

Oracle Stock Down 0.3 %

Shares of ORCL Stock opened at $79.25 on Thursday. The firm has a market cap of $211.20 billion, a PE ratio of 33.02, a P/E/G ratio of 2.23 and a beta of 0.87. Oracle has a 12 month low of $63.76 and a 12 month high of $106.34. The company's fifty day simple moving average is $72.64 and its 200-day simple moving average is $75.39.

Oracle (NYSE:ORCL - Get Rating) last posted its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, topping 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 company's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. On average, equities analysts predict that Oracle will post 4.43 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insider Activity

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