Oracle (NYSE:ORCL) Stock Price Down 1.5% – Should You Sell?
by Sarita Garza · The Markets DailyOracle Corporation (NYSE:ORCL – Get Free Report)’s stock price traded down 1.5% during mid-day trading on Monday . The company traded as low as $192.33 and last traded at $192.75. 22,415,450 shares changed hands during trading, an increase of 21% from the average session volume of 18,466,686 shares. The stock had previously closed at $195.71.
Analyst Upgrades and Downgrades
ORCL has been the subject of a number of recent analyst reports. Cantor Fitzgerald reduced their price objective on shares of Oracle from $400.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $375.00 price target on shares of Oracle in a report on Wednesday, November 26th. Berenberg Bank increased their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a report on Monday, September 15th. Erste Group Bank downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Melius Research upped their price objective on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $304.94.
Check Out Our Latest Stock Analysis on Oracle
Oracle Price Performance
The firm has a market capitalization of $553.80 billion, a P/E ratio of 36.23, a P/E/G ratio of 1.74 and a beta of 1.65. The stock’s 50 day simple moving average is $216.18 and its 200 day simple moving average is $242.88. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same quarter in the previous year, the business earned $1.47 earnings per share. Oracle’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio is 37.59%.
Insider Buying and Selling
In other Oracle news, insider Mark Hura sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $196.89, for a total value of $2,953,350.00. Following the completion of the transaction, the insider directly owned 234,077 shares in the company, valued at approximately $46,087,420.53. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction 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. The trade was a 9.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 146,346 shares of company stock valued at $39,082,996 over the last three months. Corporate insiders own 40.90% of the company’s stock.
Institutional Trading of Oracle
Several large investors have recently added to or reduced their stakes in ORCL. Brighton Jones LLC boosted its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the period. Scientech Research LLC purchased a new stake in Oracle in the first quarter valued at $2,465,000. UniSuper Management Pty Ltd grew its position in Oracle by 8.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 563,428 shares of the enterprise software provider’s stock worth $78,773,000 after purchasing an additional 42,118 shares during the period. Finally, Talon Private Wealth LLC raised its stake in shares of Oracle by 30,168.8% during the 1st quarter. Talon Private Wealth LLC now owns 4,843 shares of the enterprise software provider’s stock valued at $677,000 after buying an additional 4,827 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Company Profile
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.