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 Up 0.5 %

Shares of ORCL Stock opened at $79.52 on Wednesday. Oracle has a 12 month low of $63.76 and a 12 month high of $106.34. The business's 50 day moving average is $72.48 and its two-hundred day moving average is $75.36. The company has a market cap of $211.91 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87.

Oracle (NYSE:ORCL - Get Rating) last announced its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the company posted $1.40 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Oracle will post 4.43 EPS 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 $0.32 dividend. The ex-dividend date was Monday, July 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.61%. Oracle's payout ratio is 53.33%.

Analysts Set New Price Targets

A number of research firms have commented on ORCL. Cowen reduced their price objective on shares of Oracle from $107.00 to $98.00 in a research note on Thursday, June 9th. Morgan Stanley upped their price objective on shares of Oracle from $88.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 20th. Stifel Nicolaus reduced their price objective on shares of Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. JPMorgan Chase & Co. set a $82.00 price target on shares of Oracle in a research report on Thursday, June 16th. Finally, BNP Paribas raised shares of Oracle from a "neutral" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $89.77.

Insider Transactions at Oracle

In other news, 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 value of $29,015,224.28. Following the sale, the insider now owns 2,492,613 shares in the company, valued at $172,538,671.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, 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 value of $29,015,224.28. Following the sale, the insider now owns 2,492,613 shares in the company, valued at $172,538,671.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Safra Catz sold 1,000,000 shares of the firm's stock in a transaction on Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $76,153,743.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,399,174 shares of company stock worth $232,369,224. Insiders own 43.40% of the company's stock.