Oracle Corp. Declares Quarterly Dividend of $0.12 (ORCL)
Oracle Corp. (NASDAQ:ORCL) declared a quarterly dividend on Wednesday, September 18th, Analyst Ratings Network reports. Investors of record on Tuesday, October 8th will be given a dividend of $0.12 per share on Tuesday, October 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Tuesday. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday, September 13th. They now have a $34.00 price target on the stock.
Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $36.48.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 1.89% during mid-day trading on Wednesday, hitting $33.89. The stock had a trading volume of 34,950,784 shares. Oracle Corp. has a 1-year low of $29.52 and a 1-year high of $36.43. The stock’s 50-day moving average is $32.53 and its 200-day moving average is $32.99. The company has a market cap of $156.9 billion and a price-to-earnings ratio of 14.72. Oracle Corp. also saw unusually large options trading activity on Monday. Traders acquired 15,755 call options on the company. This represents an increase of 103% compared to the average daily volume of 7,774 call options.
Oracle Corp. (NASDAQ:ORCL) last announced its earnings results on Thursday, June 20th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.01. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $11.12 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Oracle Corp. will post $2.89 earnings per share for the current fiscal year.
In other Oracle Corp. news, Director Hector Garcia-Molina unloaded 2,500 shares of Oracle Corp. stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $32.89, for a total transaction of $82,225.00. Following the sale, the director now directly owns 5,000 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
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