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Oracle (NASDAQ:ORCL) announced a quarterly dividend on Thursday, June 19th, reports. Investors of record on Wednesday, July 9th will be paid a dividend of 0.12 per share on Wednesday, July 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.13%.

ORCL has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Oracle from $43.00 to $48.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Barclays reiterated an “overweight” rating on shares of Oracle in a research note on Monday. They now have a $47.00 price target on the stock, up previously from $44.00. Finally, analysts at RBC Capital raised their price target on shares of Oracle from $35.00 to $40.00 in a research note on Monday. They now have a “sector perform” rating on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the stock. Oracle presently has an average rating of “Buy” and an average target price of $42.52.

Oracle (NASDAQ:ORCL) traded down 0.70% during mid-day trading on Thursday, hitting $42.51. The stock had a trading volume of 26,802,836 shares. Oracle has a one year low of $29.86 and a one year high of $42.88. The stock has a 50-day moving average of $41.76 and a 200-day moving average of $38.94. The company has a market cap of $189.5 billion and a price-to-earnings ratio of 17.90. Oracle also was the target of some unusual options trading on Tuesday. Stock investors acquired 15,471 call options on the company. This is an increase of 108% compared to the average daily volume of 7,424 call options.

Oracle (NASDAQ:ORCL) last announced its earnings results on Thursday, June 19th. The company reported $0.92 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.95 by $0.03. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $11.48 billion. During the same quarter last year, the company posted $0.87 earnings per share. Oracle’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Oracle will post $2.91 earnings per share for the current fiscal year.

In other Oracle news, Director Hector Garcia-Molina sold 1,250 shares of the company’s stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $42.00, for a total value of $52,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company provides cloud services as well as software and hardware products to other cloud service providers, both public and private.

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