Oracle (NYSE:ORCL) Shares Up 0.2% – Time to Buy?

Oracle Co. (NYSE:ORCL)’s stock price traded up 0.2% on Thursday . The stock traded as high as $182.00 and last traded at $181.61. 1,498,221 shares were traded during trading, a decline of 82% from the average session volume of 8,254,571 shares. The stock had previously closed at $181.24.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORCL shares. Stifel Nicolaus increased their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. KeyCorp raised their price objective on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada started coverage on Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. Finally, Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Trading Up 2.1 %

The business’s 50-day moving average is $165.58 and its two-hundred day moving average is $143.29. 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 stock has a market capitalization of $512.81 billion, a PE ratio of 46.81, a PEG ratio of 3.12 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

A number of large investors have recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle during the first quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds 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.