Oracle Co. experienced a 1.2% decrease in its shares during midday trading on Friday, trading as low as $121.42 and closing at $122.55, with 2,012,902 shares exchanged. The company’s debt-equity ratio is 13.34, with a market capitalization of $337.82 billion. The stock has a 50-day moving average price of $121.31 and a 200-day moving average price of $115.03. Analysts have set new price targets for Oracle, with an average price target of $130.76.
Oracle recently released its quarterly earnings data revealing earnings per share of $1.41, exceeding analysts’ estimates by $0.04. The company reported a return on equity of 336.11% and a net margin of 20.27%, with revenue of $13.28 billion for the quarter. Notably, Oracle announced a quarterly dividend payment and CEO Safra Catz sold 790,000 shares of the company’s stock.
Institutional investors have also shown interest in Oracle, with several hedge funds increasing their stakes in the company. Overall, 42.44% of the company’s shares are owned by institutional investors and hedge funds.
Oracle Corporation offers a range of products and services for enterprise information technology environments globally. The company’s Oracle Cloud Software-as-a-Service includes various cloud software applications such as Oracle Fusion Cloud ERP, Oracle Fusion Cloud Performance Management, and Oracle Fusion Cloud Human Capital Management.
Overall, Oracle continues to be a prominent player in the enterprise software industry, with analysts giving the stock a “Moderate Buy” rating and an average price target of $130.76. The company’s recent financial performance, dividend announcement, and insider trading activity showcase a dynamic and evolving market presence.
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https://www.defenseworld.net/2024/05/26/oracle-nyseorcl-shares-down-1-2.html
