Oracle Co. (NYSE: ORCL) shares saw a 0.9% increase on Wednesday, reaching a trading price of $140.40. The trading volume was lower than average, with approximately 1,148,614 shares exchanged. Several Wall Street analysts have provided ratings and price targets for Oracle stock, with a consensus rating of “Moderate Buy” and an average price target of $145.83.
The company’s financials show a current ratio of 0.71, a quick ratio of 0.72, and a debt-to-equity ratio of 8.25. Oracle’s stock has a market capitalization of $386.4 billion, with a P/E ratio of 37.79 and a beta of 1.01. In their recent quarterly results, Oracle reported earnings per share of $1.63, slightly below analyst estimates, with a revenue of $14.29 billion. Oracle is expected to post earnings of 5.01 EPS for the current year.
Oracle also announced a quarterly dividend of $0.40 per share, to be paid on July 25. Additionally, insider transactions have been noted, with Edward Screven selling shares and Director Michael J. Boskin selling stock as well. Institutional investors have also made changes to their holdings in Oracle, with 42.44% of shares currently belonging to insiders.
Oracle Corporation offers various cloud software applications under its Oracle Cloud Software-as-a-Service offering, catering to enterprise information technology environments globally. Their products include Oracle Fusion Cloud ERP, Oracle Fusion Cloud HCM, Oracle Fusion Cloud SCM, Oracle NetSuite, and others.
In conclusion, Oracle’s stock performance has been positive, with analysts predicting growth and providing favorable ratings. The company’s financial metrics and recent dividend announcement reflect a stable financial position. Insider transactions and institutional holdings also indicate ongoing interest in Oracle stock.
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