Oracle (NYSE:ORCL) Trading Down 1.1% – Here’s What Happened

Oracle Co. (NYSE:ORCL)’s stock price traded down 1.1% on Monday . The stock traded as low as $167.17 and last traded at $167.73. 1,132,467 shares traded hands during trading, a decline of 87% from the average session volume of 8,402,651 shares. The stock had previously closed at $169.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Guggenheim boosted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Performance

The stock’s 50 day simple moving average is $179.83 and its two-hundred day simple moving average is $157.66. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market capitalization of $470.14 billion, a P/E ratio of 41.10, a P/E/G ratio of 3.39 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the business posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Institutional Trading of Oracle

Several hedge funds and other institutional investors have recently modified their holdings of ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $27,000. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth about $44,000. Quest Partners LLC bought a new position in shares of Oracle in the 2nd quarter valued at about $40,000. Avondale Wealth Management acquired a new position in Oracle during the third quarter valued at approximately $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds 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.