Oracle (NYSE:ORCL) Stock Price Up 0.4% – Here’s What Happened

Oracle Co. (NYSE:ORCL) shares rose 0.4% during trading on Thursday . The stock traded as high as $168.69 and last traded at $167.25. Approximately 1,133,101 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,338,902 shares. The stock had previously closed at $166.64.

Analyst Ratings Changes

Several analysts have issued reports on ORCL shares. KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Guggenheim boosted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Price Performance

The company’s 50-day simple moving average is $178.62 and its 200-day simple moving average is $160.07. 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 stock has a market capitalization of $465.19 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 3.39 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. Research analysts forecast that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in Oracle during the second quarter worth about $27,000. Reston Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $44,000. Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $40,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial bought a new position in Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.