Oracle (NYSE:ORCL) Stock Price Down 5.4% – What’s Next?

by · The Cerbat Gem

Oracle Corporation (NYSE:ORCL – Get Free Report) dropped 5.4% on Wednesday . The company traded as low as $177.07 and last traded at $178.46. Approximately 49,239,034 shares traded hands during trading, an increase of 187% from the average daily volume of 17,160,574 shares. The stock had previously closed at $188.65.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. Rothschild & Co Redburn started coverage on Oracle in a research report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. DA Davidson cut their target price on Oracle from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Baird R W raised Oracle to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Piper Sandler cut their price objective on shares of Oracle from $380.00 to $290.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.92.

Check Out Our Latest Stock Analysis on Oracle

Oracle Trading Down 5.4%

The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $512.74 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.66. The stock has a 50-day simple moving average of $241.52 and a two-hundred day simple moving average of $242.25.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The firm had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is presently 37.59%.

Insider Buying and Selling

In related news, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 5,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the transaction, the executive vice president directly owned 47,083 shares in the company, valued at approximately $13,212,431.46. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 155,190 shares of company stock valued at $45,279,001 over the last ninety days. 40.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Winnow Wealth LLC purchased a new position in shares of Oracle in the second quarter worth $28,000. FSA Wealth Management LLC purchased a new stake in Oracle in the 3rd quarter worth $28,000. Kilter Group LLC bought a new position in shares of Oracle during the 2nd quarter valued at about $30,000. Darwin Wealth Management LLC grew its position in shares of Oracle by 130.0% during the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after purchasing an additional 65 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC increased its holdings in shares of Oracle by 76.9% in the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

(Get Free Report)

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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