Oracle (NYSE:ORCL) Shares Up 0.9% – What’s Next?

Oracle Co. (NYSE:ORCL) shares were up 0.9% during mid-day trading on Tuesday . The company traded as high as $171.39 and last traded at $171.11. Approximately 1,027,132 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 8,252,218 shares. The stock had previously closed at $169.59.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JMP Securities raised their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, Piper Sandler increased their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Up 1.1 %

The stock has a market cap of $474.96 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 3.13 and a beta of 1.02. The stock has a 50 day simple moving average of $164.04 and a 200 day simple moving average of $142.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle’s payout ratio is 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oracle

Several hedge funds and other institutional investors have recently modified their holdings of ORCL. Savvy Advisors Inc. boosted its stake in Oracle by 10.3% during the third quarter. Savvy Advisors Inc. now owns 7,347 shares of the enterprise software provider’s stock worth $1,252,000 after acquiring an additional 687 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in Oracle by 24.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 19,620 shares of the enterprise software provider’s stock valued at $3,343,000 after buying an additional 3,881 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Oracle by 1.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,709,906 shares of the enterprise software provider’s stock valued at $632,168,000 after buying an additional 70,833 shares during the last quarter. Apollon Financial LLC purchased a new stake in shares of Oracle in the third quarter worth $235,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Oracle during the third quarter valued at $443,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

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.