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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ORCL shares. The Goldman Sachs Group restated a "sell" rating and issued a $75.00 price objective on shares of Oracle in a report on Monday, June 27th. UBS Group set a $75.00 target price on Oracle in a report on Tuesday, June 14th. BMO Capital Markets cut their target price on Oracle from $92.00 to $86.00 in a research note on Tuesday, June 14th. Credit Suisse Group set a $115.00 price target on Oracle in a research report on Tuesday, June 14th. Finally, Cowen cut their price objective 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. Two equities research 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $88.95.

Oracle Stock Performance

NYSE:ORCL opened at $76.77 on Wednesday. The business's fifty day moving average is $71.87 and its 200 day moving average is $75.44. Oracle has a fifty-two week low of $63.76 and a fifty-two week high of $106.34. The company has a market capitalization of $204.59 billion, a PE ratio of 31.99, a price-to-earnings-growth 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, beating analysts' consensus estimates of $1.17 by $0.14. The firm had revenue of $11.84 billion for the quarter, compared to analysts' expectations of $11.65 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. On average, sell-side analysts forecast that Oracle will post 4.43 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.67%. Oracle's dividend payout ratio (DPR) is presently 53.33%.

Insider Activity

In other Oracle news, insider Edward Screven sold 419,174 shares of the stock in a transaction on Wednesday, June 29th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Safra Catz sold 1,000,000 shares of the business's stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total value of $66,870,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $74,800,247.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Screven sold 419,174 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 2,492,613 shares of the company's stock, valued at $172,538,671.86. 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 three months. Company insiders own 43.40% of the company's stock.