Oracle (NYSE:ORCL) Announces Quarterly Earnings Results

by · The Cerbat Gem

Oracle (NYSE:ORCL – Get Free Report) released its quarterly earnings results on Monday. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02), Briefing.com reports. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the firm posted $1.41 earnings per share. Oracle’s revenue was up 6.4% on a year-over-year basis. Oracle updated its Q4 guidance to $1.61-1.65 EPS.

Oracle Price Performance

Shares of NYSE:ORCL opened at $148.87 on Tuesday. The stock has a fifty day moving average of $167.27 and a 200-day moving average of $169.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $416.38 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle has a one year low of $111.18 and a one year high of $198.31.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s dividend payout ratio is 39.12%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Read Our Latest Stock Report on ORCL

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oracle stock. Brighton Jones LLC grew its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 189.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 153,580 shares of the enterprise software provider’s stock after buying an additional 100,494 shares during the period. Oracle makes up 0.7% of Brighton Jones LLC’s investment portfolio, making the stock its 20th biggest holding. Brighton Jones LLC’s holdings in Oracle were worth $25,593,000 as of its most recent filing with the SEC. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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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