Oracle (NYSE:ORCL) Shares Down 0% – Here’s What Happened

Oracle Co. (NYSE:ORCL)’s stock price was down 0% during trading on Tuesday . The stock traded as low as $179.11 and last traded at $181.34. Approximately 2,089,534 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 8,222,234 shares. The stock had previously closed at $181.41.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $504.08 billion, a PE ratio of 46.74, a price-to-earnings-growth ratio of 3.41 and a beta of 1.03. The firm’s fifty day moving average is $177.45 and its 200 day moving average is $152.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the company posted $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ORCL. PineStone Asset Management Inc. boosted its holdings in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares during the period. Franklin Resources Inc. lifted its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp grew its position in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Finally, Altshuler Shaham Ltd increased its stake in Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. 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.