Morgan Stanley has confirmed its equal-weight rating on Oracle shares, with a $125.00 price target. Other analysts have also weighed in, with ratings ranging from market perform to outperform and buy. The stock has a Moderate Buy rating with a consensus price target of $145.83.
Oracle’s operations were down 0.5%, with the stock opening at $139.13 on Tuesday. The company has a market capitalization of $383.42 billion and a price-to-earnings ratio of 37.50. The 52-week range for the stock is between $99.26 and $145.32.
During the earnings announcement, Oracle reported $1.63 earnings per share for the quarter, missing the consensus estimate by $0.02. The company had revenue of $14.29 billion for the quarter. Analysts expect Oracle to post 5.01 earnings per share for the current fiscal year.
The company also announced a quarterly dividend of $0.40 per share, with an annualized dividend of $1.60 and a yield of 1.15%. Insider trading activity includes a significant sale by Edward Screven and George H. Conrad.
Institutional investors have modified their holdings of Oracle stock, with hedge funds and other institutions owning 42.44% of the company’s shares. Oracle Corporation offers a range of products and services in the enterprise information technology sector, including cloud software applications and services.
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