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 Trading Down 0.3 %

NYSE:ORCL traded down $0.27 during trading hours on Monday, reaching $78.88. 7,882 shares of the company were exchanged, compared to its average volume of 8,269,471. Oracle has a twelve month low of $63.76 and a twelve month high of $106.34. The stock's 50-day moving average is $72.22 and its 200-day moving average is $75.34. The firm has a market cap of $210.21 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.23 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 analyst estimates of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. Oracle's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. As a group, research analysts anticipate that Oracle will post 4.43 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, July 11th. Oracle's dividend payout ratio is 53.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Credit Suisse Group set a $115.00 price target on shares of Oracle in a research report on Tuesday, June 14th. Jefferies Financial Group boosted their target price on shares of Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. Guggenheim began coverage on shares of Oracle in a report on Friday. They issued a "buy" rating and a $107.00 price objective for the company. Cowen reduced their target price on shares of Oracle from $107.00 to $98.00 and set an "outperform" rating on the stock in a report on Thursday, June 9th. Finally, UBS Group set a $75.00 target price on Oracle in a report on Tuesday, June 14th. Two investment 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 a consensus rating of "Hold" and a consensus price target of $89.77.

Insiders Place Their Bets

In other news, insider Edward Screven sold 419,174 shares of the business's stock in a transaction dated 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 sale, the insider now directly 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 accessible through the SEC website. In other news, CEO Safra Catz sold 980,000 shares of the stock in a transaction on Friday, June 24th. The shares were sold at an average price of $69.80, for a total value of $68,404,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $78,077,721.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 419,174 shares of Oracle 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 sale, the insider now 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. In the last quarter, insiders sold 3,399,174 shares of company stock worth $232,369,224. 43.40% of the stock is currently owned by company insiders.