Oracle (NYSE:ORCL) Shares Up 0.7% – Time to Buy?

by · The Cerbat Gem

Oracle Co. (NYSE:ORCL – Get Free Report)’s stock price shot up 0.7% during mid-day trading on Thursday . The company traded as high as $163.98 and last traded at $163.13. 7,579,158 shares were traded during mid-day trading, an increase of 14% from the average session volume of 6,675,989 shares. The stock had previously closed at $162.03.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, DA Davidson increased their price objective 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 given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Get Our Latest Stock Analysis on Oracle

Oracle Trading Up 0.7 %

The business has a fifty day moving average of $178.02 and a 200-day moving average of $160.61. The stock has a market capitalization of $456.27 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Oracle’s payout ratio is presently 39.12%.

Institutional Investors Weigh In On Oracle

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

About Oracle

(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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