Oracle (NYSE:ORCL) Shares Up 0% – Should You Buy?

Oracle Co. (NYSE:ORCL)’s share price was up 0% on Thursday . The stock traded as high as $186.49 and last traded at $184.28. Approximately 6,182,294 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 12,735,546 shares. The stock had previously closed at $184.22.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ORCL shares. Morgan Stanley increased their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, DA Davidson raised their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Up 0.5 %

The stock has a market capitalization of $517.89 billion, a P/E ratio of 45.20, a PEG ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average is $174.43 and its two-hundred day moving average is $162.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. As a group, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s dividend payout ratio is currently 39.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lewis Asset Management LLC boosted its position in shares of Oracle by 5.9% during the 4th quarter. Lewis Asset Management LLC now owns 7,631 shares of the enterprise software provider’s stock valued at $1,272,000 after acquiring an additional 425 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Oracle by 13.4% in the fourth quarter. OLD National Bancorp IN now owns 29,212 shares of the enterprise software provider’s stock worth $4,868,000 after acquiring an additional 3,450 shares during the last quarter. Busey Bank raised its stake in shares of Oracle by 1.6% in the fourth quarter. Busey Bank now owns 217,003 shares of the enterprise software provider’s stock worth $36,161,000 after acquiring an additional 3,441 shares during the last quarter. Abel Hall LLC raised its stake in shares of Oracle by 3.0% during the fourth quarter. Abel Hall LLC now owns 2,253 shares of the enterprise software provider’s stock worth $376,000 after buying an additional 65 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle during the fourth quarter worth approximately $47,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

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.