Oracle Company (NYSE: ORCL) saw a 0.8% increase in its stock price on Thursday, reaching $144.65. Trading volume was lower than the average at 3,560,778 shares. Analysts have given a mix of ratings for Oracle, with some upgrading the price target to $160.00. The company’s recent earnings report showed a slightly lower profit per share compared to estimates, but revenue was in line with expectations. Oracle also announced a quarterly dividend of $0.40 with a dividend yield of 1.10%. Institutional investors have shown interest in Oracle stock recently, with some increasing their stake in the company. Oracle primarily provides cloud software applications for various industries globally. Insider trading activities have also been observed at Oracle, with shares being sold by company directors and insiders, indicating confidence in the company’s future performance. The company’s market capitalization stands at $399.05 billion with a stable financial position. Analysts predict Oracle to post earnings per share of $5.01 for the current year. Oracle’s performance in the market has been stable, with a consensus rating of a “moderate buy” and a consensus price target of $145.83.
Article Source
https://www.defenseworld.net/2024/07/06/oracle-nyseorcl-trading-up-0-8.html
