Oracle (NYSE:ORCL) Stock Price Down 3.6% – Time to Sell?

by · The Cerbat Gem

Shares of Oracle Corporation (NYSE:ORCL – Get Free Report) traded down 3.6% during trading on Tuesday . The company traded as low as $180.87 and last traded at $186.8060. 21,358,774 shares changed hands during trading, a decline of 24% from the average session volume of 28,038,711 shares. The stock had previously closed at $193.84.

Oracle News Summary

Here are the key news stories impacting Oracle this week:

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $400.00 price target on shares of Oracle in a research note on Friday, March 13th. TD Cowen decreased their price objective on Oracle from $350.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, March 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $229.00 target price on shares of Oracle in a research note on Wednesday, March 11th. Finally, Bank of America began coverage on Oracle in a research note on Tuesday, March 24th. They issued a “buy” rating and a $200.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $261.46.

Check Out Our Latest Stock Analysis on Oracle

Oracle Trading Up 3.0%

The company has a 50 day moving average of $162.15 and a 200-day moving average of $182.85. The stock has a market cap of $562.22 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.35 and a current ratio of 1.35.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.08. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The company had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. On average, research analysts anticipate that Oracle Corporation will post 6.08 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Thursday, April 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 35.91%.

Insider Activity at Oracle

In other news, EVP Stuart Levey sold 15,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.19, for a total transaction of $2,642,850.00. Following the sale, the executive vice president owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. This represents a 81.39% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ORCL. Vanguard Group Inc. increased its stake in shares of Oracle by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 174,802,084 shares of the enterprise software provider’s stock worth $34,070,674,000 after buying an additional 5,841,584 shares during the period. State Street Corp lifted its stake in Oracle by 4.4% in the fourth quarter. State Street Corp now owns 76,527,759 shares of the enterprise software provider’s stock worth $14,916,026,000 after acquiring an additional 3,216,915 shares during the last quarter. Geode Capital Management LLC grew its holdings in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 37,734,944 shares of the enterprise software provider’s stock worth $7,328,754,000 after acquiring an additional 665,374 shares in the last quarter. Capital Research Global Investors increased its position in shares of Oracle by 29.3% in the 4th quarter. Capital Research Global Investors now owns 30,137,126 shares of the enterprise software provider’s stock valued at $5,874,070,000 after purchasing an additional 6,826,299 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Oracle by 1.9% in the 4th quarter. Morgan Stanley now owns 27,125,099 shares of the enterprise software provider’s stock valued at $5,286,953,000 after purchasing an additional 495,146 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile

(Get Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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