Oracle (NYSE:ORCL) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Oracle (NYSE:ORCL) issued its quarterly earnings results on Monday. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02), Briefing.com reports. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. Oracle updated its Q4 guidance to $1.61-1.65 EPS.

Oracle Trading Down 4.1 %

Shares of ORCL stock opened at $148.87 on Tuesday. The firm has a 50-day moving average price of $167.27 and a 200 day moving average price of $169.58. Oracle has a twelve month low of $111.18 and a twelve month high of $198.31. The company has a market capitalization of $416.38 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.34%. Oracle’s payout ratio is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by company insiders.

Institutional Trading of Oracle

An institutional investor recently raised its position in Oracle stock. Brighton Jones LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 189.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,580 shares of the enterprise software provider’s stock after buying an additional 100,494 shares during the quarter. Oracle makes up approximately 0.7% of Brighton Jones LLC’s holdings, making the stock its 20th largest holding. Brighton Jones LLC’s holdings in Oracle were worth $25,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus raised their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.