Oracle Company (NYSE: ORCL) experienced increased trading volume on Monday, with around 2.8 million shares changing hands. The stock price stood at $144.55, down from the previous close of $144.83.
Various analysts have provided their insights on ORCL stock recently. The Goldman Sachs Group raised the price target to $130 and labeled the company as “neutral.” KeyCorp, on the other hand, increased the price target to $165 and gave it an “overweight” rating. Conversely, Oracle downgraded its own rating from “buy” to “hold.” Overall, the stock has received mixed reviews from analysts, with a consensus “moderate buy” rating and an average price target of $145.83.
In terms of financial performance, Oracle reported earnings of $1.63 per share for the last quarter, slightly missing estimates. The company’s revenue was $14.29 billion, lower than expected. However, the net margin was 19.76%, with a return on equity of 223.01%. Analysts anticipate earnings per share of $5.01 for the current fiscal year.
Oracle also announced a quarterly dividend of $0.40 per share to be paid on July 25th. Shareholders as of July 11th will receive the dividend, representing a yield of 1.11%. The dividend payout ratio is 43.13%.
In terms of insider activity, Edward Screven sold over 37,000 shares of Oracle stock, worth over $5 million. Director George H. Conrad also sold shares, indicating insider selling activity. Institutional holdings in Oracle have seen activity from hedge funds like Norges Bank and Vanguard, indicating significant investment interest.
Oracle, a global IT solutions provider, offers various cloud-based software applications targeting different enterprise needs. Their offerings include enterprise resource planning, human capital management, and marketing solutions. The company’s cloud software applications have attracted attention from investors and analysts alike.
Overall, Oracle’s stock performance, financial results, dividends, and insider trading activities provide valuable insights into the company’s current standing in the market. With a mix of analyst ratings and institutional investments, Oracle remains a key player in the enterprise IT solutions industry.
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