Oracle Co. shares (NYSE: ORCL) experienced a 0% increase in midday trading on Tuesday, reaching a high of $144.22 and last priced at $143.15. The total shares traded were 1,053,844, significantly lower than the usual volume of 8,645,509 shares. Previously, the stock closed at $143.09.
Analysts have recently updated their ratings on Oracle. DA Davidson reiterated a “neutral” stance with a $105.00 price target on June 12th. Argus rated Oracle as a “buy” and raised the price target from $145.00 to $159.00 on June 18th. HSBC upgraded Oracle to a “buy” rating with a price target increase from $144.00 to $155.00 on March 13th. Mizuho increased the price target from $160.00 to $170.00 and gave a “buy” rating on June 17th. UBS Group also upgraded Oracle to a “buy” with a price target increase from $150.00 to $160.00 on June 12th. Currently, the stock has an average rating of “moderate buy” with an average price target of $145.83.
Oracle, with a market capitalization of $397.26 billion, has a price-to-earnings ratio of 38.85 and a beta of 1.02. The company’s quick ratio is 0.72, the current ratio is 0.71, and the debt-to-equity ratio is 8.25. The fifty-day moving average price stands at $126.37, while the two-hundred-day moving average is $118.77.
The most recent quarterly earnings report from Oracle, released on June 11th, showed an EPS of $1.63, slightly below the consensus estimate of $1.65. The company reported revenue of $14.29 billion, missing the estimated $14.57 billion. Oracle’s revenue increased by 3.3% compared to the same quarter last year. Analysts predict an earnings per share of $5.01 for the current year.
Regarding dividends, Oracle recently declared a quarterly dividend to be paid on July 25th. Shareholders on record as of July 11th will receive a $0.40 dividend, resulting in an annualized dividend of $1.60 and a yield of 1.11%. Oracle’s payout ratio is currently at 43.13%.
Insider activities show Director George H. Conrad and insider Edward Screven selling shares of the company. Over the past three months, insiders have sold a total of 385,639 shares, valued at $53,002,729, and own 42.80% of the company’s shares.
Several hedge funds and institutional investors have recently bought and sold Oracle shares, with 42.44% of the shares held by institutions.
Oracle Corporation offers a range of products and services for enterprise information technology environments globally, including cloud software applications like Oracle Fusion cloud ERP, Oracle Fusion cloud HCM, and Oracle Fusion Sales, among others. This summary encapsulates the recent events and performance of Oracle Co. in the stock market.
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