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 Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. The Goldman Sachs Group reissued a "sell" rating and issued a $75.00 target price on shares of Oracle in a research note on Monday, June 27th. UBS Group set a $75.00 target price on shares of Oracle in a research note on Tuesday, June 14th. Cowen reduced their price target on shares of Oracle from $107.00 to $98.00 and set an "outperform" rating on the stock in a research report on Thursday, June 9th. Finally, Jefferies Financial Group boosted their price target on shares of Oracle from $75.00 to $80.00 in a research report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Oracle currently has an average rating of "Hold" and an average price target of $89.77.

Oracle Trading Up 2.6 %

Shares of ORCL Stock traded up $1.99 during trading hours on Friday, hitting $79.15. 6,639,343 shares of the company were exchanged, compared to its average volume of 8,323,134. The business has a 50 day moving average of $72.07 and a two-hundred day moving average of $75.42. Oracle has a 52 week low of $63.76 and a 52 week high of $106.34. The company has a market capitalization of $210.93 billion, a PE ratio of 32.98, a PEG ratio of 2.19 and a beta of 0.87.

Oracle (NYSE:ORCL - Get Rating) last released its 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 business 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. On average, research analysts forecast that Oracle will post 4.43 EPS for the current year.

Oracle Dividend Announcement

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

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 980,000 shares of Oracle stock in a transaction that occurred on Friday, June 24th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Edward Screven sold 419,174 shares of the business'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 transaction, the insider now owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Safra Catz sold 980,000 shares of the business'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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $78,077,721.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,399,174 shares of company stock valued at $232,369,224 in the last ninety days. 39.10% of the stock is currently owned by company insiders.