Oracle Co. Shares on the New York Stock Exchange saw a 0.6% rise in trading on Wednesday, reaching a high of $144.65 and closing at $144.17. The trading volume was 1,108,071 shares, significantly lower than the average daily volume. Analysts have varying opinions on ORCL stock, with KeyCorp and Evercore ISI giving it positive ratings, while Citigroup and DA Davidson offered more neutral perspectives. Overall, Oracle has a mix of hold and buy ratings, with a consensus price target of $145.83. The company’s financials show a debt-to-equity ratio of 8.25, a current ratio of 0.71, and a quick ratio of 0.72. Oracle’s recent quarterly earnings report fell slightly below analyst estimates, with revenue of $14.29 billion. The company also announced a quarterly dividend, which will be paid out in July. In terms of insider activity, there have been recent sales of Oracle stock by key figures within the company. Institutional investors, on the other hand, have been adjusting their stakes in Oracle, with notable changes from Vanguard Group Inc. and Capital World Investors. Overall, institutional investors hold a significant portion of Oracle’s shares. Oracle Corporation offers various products and services for enterprise IT environments globally, including cloud software applications like Oracle Fusion ERP and NetSuite. Stay informed on Oracle and related news with a daily email newsletter from MarketBeat.com.
Article Source
https://www.defenseworld.net/2024/07/05/oracle-nyseorcl-shares-up-0-6.html
