Oracle (NYSE:ORCL) Trading 0% Higher

Shares of Oracle Co. (NYSE:ORCL) were up 0% on Tuesday . The stock traded as high as $126.80 and last traded at $126.11. Approximately 1,308,453 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 9,179,260 shares. The stock had previously closed at $126.08.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORCL shares. UBS Group decreased their price objective on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Wolfe Research reduced their target price on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Down 0.9 %

The stock has a 50-day moving average of $116.00 and a 200 day moving average of $111.37. The stock has a market cap of $344.33 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 42.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Oracle by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 149,699,321 shares of the enterprise software provider’s stock worth $15,782,799,000 after purchasing an additional 2,425,908 shares in the last quarter. State Street Corp boosted its position in Oracle by 1.5% in the 2nd quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after purchasing an additional 928,013 shares in the last quarter. Morgan Stanley boosted its position in Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after purchasing an additional 1,794,080 shares in the last quarter. Northern Trust Corp raised its stake in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after buying an additional 635,994 shares during the period. Finally, Capital World Investors raised its stake in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after buying an additional 3,323,334 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

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.