Oracle Co. Shares on the New York Stock Exchange reached a new 52-week high, hitting $145.33 during trading on Friday. The stock closed at $144.99 after trading on 448,638 shares. Wall Street analysts have weighed in on Oracle, with some predicting growth and setting price targets. Fourteen analysts have rated the stock as a hold, while seventeen have rated it as a buy, giving it an average rating of “moderate buy” and an average price target of $145.83. The company has a debt-to-equity ratio of 8.25 and various financial ratios. In June, Oracle announced quarterly earnings that missed estimates, reporting $1.63 earnings per share. The company also announced a quarterly dividend of $0.40 per share, to be paid on July 25. Director George H. Conrad sold shares of the company’s stock in early May. Institutional investors have bought and sold shares of Oracle, with ownership at 42.44%. Oracle Corporation provides products and services for enterprise information technology environments around the world, including cloud software applications such as Oracle Fusion ERP, Oracle Fusion human capital management, and Oracle Fusion Sales, Service, and Marketing. Receive daily news and ratings from Oracle by subscribing to MarketBeat.com’s email newsletter.
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https://www.defenseworld.net/2024/07/07/oracle-nyseorcl-hits-new-52-week-high-at-145-33.html
