Oracle Corp. Sets New 1-Year High at $38.57 (ORCL)
Oracle Corp. (NASDAQ:ORCL) set a new 52-week high on Wednesday, American Banking & Market News reports. The company traded as high as $38.57 and last traded at $38.51, with a volume of 12,007,259 shares. The stock had previously closed at $38.21.
A number of research firms have recently commented on ORCL. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. in a research note to investors on Sunday, January 5th. Finally, analysts at UBS AG raised their price target on shares of Oracle Corp. from $37.00 to $39.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corp. has a consensus rating of “Buy” and a consensus price target of $37.38.
In other Oracle Corp. news, EVP Thomas Kurian sold 400,000 shares of Oracle Corp. stock on the open market in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $38.08, for a total transaction of $15,232,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,327 shares of the company’s stock, valued at approximately $1,231,012. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Oracle Corp. has a 52 week low of $29.86 and a 52 week high of $38.34. The stock’s 50-day moving average is $36.18 and its 200-day moving average is $33.69. The company has a market cap of $173.3 billion and a P/E ratio of 16.26.
Oracle Corp. (NASDAQ:ORCL) last released its earnings data on Wednesday, December 18th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Oracle Corp. will post $2.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders of record on Tuesday, January 7th will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, January 3rd.
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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