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 topic of several recent analyst reports. Exane BNP Paribas upgraded Oracle from a "neutral" rating to an "outperform" rating in a research report on Wednesday, June 29th. Jefferies Financial Group boosted their price objective on Oracle from $75.00 to $80.00 in a research report on Tuesday, June 14th. Guggenheim assumed coverage on Oracle in a research report on Friday. They set a "buy" rating and a $107.00 target price on the stock. Cowen cut their price target on shares of Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. Finally, Citigroup set a $81.00 price objective on shares of Oracle in a report on Monday, June 20th. 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $89.77.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $1.99 during midday trading on Friday, reaching $79.15. 6,692,347 shares of the stock were exchanged, compared to its average volume of 5,680,975. The stock has a market capitalization of $210.93 billion, a P/E ratio of 32.98, a PEG ratio of 2.18 and a beta of 0.87. The company has a 50 day simple moving average of $72.22 and a 200 day simple moving average of $75.40. Oracle has a twelve month low of $63.76 and a twelve month high of $106.34.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were paid 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 (DPR) is presently 53.33%.

Insider Buying and Selling 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $76,153,743.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 419,174 shares of the firm'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 transaction of $29,015,224.28. Following the completion of the transaction, the insider now directly 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. Insiders sold a total of 3,399,174 shares of company stock worth $232,369,224 over the last three months. Insiders own 39.10% of the company's stock.