Oracle (NYSE:ORCL) Stock Price Down 0.7% – Time to Sell?

Shares of Oracle Co. (NYSE:ORCL) were down 0.7% on Monday . The company traded as low as $172.19 and last traded at $172.23. Approximately 1,503,635 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 8,372,392 shares. The stock had previously closed at $173.39.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORCL shares. TD Cowen upped 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. BMO Capital Markets increased their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $183.63.

Oracle Trading Down 2.5 %

The stock has a 50 day moving average of $180.34 and a 200-day moving average of $156.91. The company has a market capitalization of $462.64 billion, a P/E ratio of 40.44, a P/E/G ratio of 3.39 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC bought a new stake in Oracle in the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the second quarter worth $30,000. Reston Wealth Management LLC purchased a new stake in Oracle during the third quarter valued at $44,000. Quest Partners LLC purchased a new position in shares of Oracle in the 2nd quarter worth $40,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth about $51,000. 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.