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.

Oracle Stock Down 0.2 %

ORCL Stock traded down $0.16 during mid-day trading on Monday, reaching $77.19. 44,946 shares of the stock traded hands, compared to its average volume of 8,368,570. The business has a 50-day moving average of $71.70 and a two-hundred day moving average of $75.47. Oracle has a 52 week low of $63.76 and a 52 week high of $106.34. The firm has a market capitalization of $205.71 billion, a PE ratio of 32.23, a P/E/G ratio of 2.18 and a beta of 0.87.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 11th. This represents a $1.28 annualized dividend and a yield of 1.66%. Oracle's payout ratio is currently 53.33%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. Cowen lowered their price objective on Oracle from $107.00 to $98.00 and set an "outperform" rating for the company in a research report on Thursday, June 9th. Barclays set a $82.00 price objective on Oracle in a research report on Tuesday, June 14th. Daiwa Capital Markets lowered their price target on Oracle from $87.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, June 27th. Jefferies Financial Group boosted their price target on Oracle from $75.00 to $80.00 in a research report on Tuesday, June 14th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $75.00 price target on shares of Oracle in a research report on Monday, June 27th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $88.95.

Insider Transactions at Oracle

In other news, insider Edward Screven sold 419,174 shares of the business's stock in a transaction dated 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 transaction, the insider now directly 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 can be accessed through the SEC website. In other Oracle news, insider Edward Screven sold 419,174 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $172,538,671.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 980,000 shares of the company's stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $78,077,721.60. The disclosure for this sale can be found here. Insiders have sold 3,399,174 shares of company stock worth $232,369,224 in the last ninety days. Insiders own 43.40% of the company's stock.