Oracle (NYSE:ORCL) Sees Large Volume Increase

Oracle Co. (NYSE:ORCLGet Free Report) saw unusually-strong trading volume on Monday . Approximately 2,838,190 shares changed hands during trading, a decline of 67% from the previous session’s volume of 8,571,750 shares.The stock last traded at $144.55 and had previously closed at $144.83.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ORCL shares. KeyCorp lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Bank of America lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating and set a $125.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. Finally, TD Cowen lifted their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Check Out Our Latest Research Report on ORCL

Oracle Trading Down 0.0 %

The company has a market cap of $387.56 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 2.63 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The firm’s fifty day moving average price is $129.20 and its 200-day moving average price is $120.12.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the firm posted $1.35 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 over the last 90 days. 42.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC lifted its holdings in Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after acquiring an additional 81 shares during the last quarter. Invst LLC lifted its holdings in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after acquiring an additional 86 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after acquiring an additional 86 shares during the last quarter. CJM Wealth Advisers Ltd. lifted its holdings in Oracle by 4.0% in the 2nd quarter. CJM Wealth Advisers Ltd. now owns 2,306 shares of the enterprise software provider’s stock valued at $330,000 after acquiring an additional 88 shares during the last quarter. Finally, Avidian Wealth Solutions LLC raised its holdings in Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after buying an additional 90 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile

(Get Free Report)

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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