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Oracle (NYSE:ORCL – Free Report) had its price target lowered by UBS Group from $210.00 to $200.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the enterprise software provider’s stock.
A number of other equities research analysts have also weighed in on ORCL. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays lowered their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday. Stifel Nicolaus lowered their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday. Evercore ISI decreased their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Cantor Fitzgerald lowered shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $178.92.
Get Our Latest Report on Oracle
Oracle Price Performance
ORCL stock opened at $144.29 on Tuesday. The stock has a market capitalization of $403.58 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company’s 50-day moving average is $166.82 and its 200-day moving average is $169.62. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle has a 1 year low of $112.78 and a 1 year high of $198.31.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. Equities research analysts expect that Oracle will post 5 EPS for the current fiscal year.
Oracle Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.39%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.
Insider Buying and Selling at Oracle
In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. R Squared Ltd purchased a new position in Oracle in the fourth quarter worth $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle in the fourth quarter worth $30,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter worth $33,000. Finally, Synergy Investment Management LLC bought a new stake in Oracle in the fourth quarter worth $34,000. 42.44% of the stock is owned by institutional investors.
About Oracle
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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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