Oracle Co. (ORCL) saw its stock price reach a new 52-week high after Argus raised its price target from $145.00 to $159.00 with a Buy rating. The stock traded as high as $143.95 and closed at $143.37. Other analysts also gave their feedback on ORCL, with ratings ranging from “overweight” to “buy.” Director Michael J. Boskin and CEO Safra Catz both sold shares recently. Insider transactions totaled 880,000 shares valued at $110,488,150 in the last ninety days, with insiders owning 42.80% of the shares. Institutional investors also made moves, with hedge funds increasing or reducing their stakes in the company. Oracle has a market capitalization of $397.54 billion and announced a quarterly dividend of $0.40 per share. Its products include cloud software applications like Oracle Fusion Cloud ERP and NetSuite application suite. Oracle last reported earnings of $1.63 per share for the quarter, missing the consensus estimate by $0.02. With a dividend yield of 1.11%, Oracle’s payout ratio is currently 43.13%.
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https://www.defenseworld.net/2024/06/19/oracle-nyseorcl-reaches-new-52-week-high-on-analyst-upgrade.html
Oracle’s shares (NYSE: ORCL) hit a new high for the year after receiving an upgrade from analysts.
