Oracle (NYSE:ORCL) Trading Down 0.1% – Here’s What Happened

Oracle Co. (NYSE:ORCL) fell 0.1% on Wednesday . The stock traded as low as $161.43 and last traded at $161.86. 1,746,237 shares were traded during trading, a decline of 68% from the average session volume of 5,468,530 shares. The stock had previously closed at $162.03.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

The business’s fifty day moving average price is $177.62 and its 200-day moving average price is $160.73. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a market capitalization of $431.74 billion, a PE ratio of 37.74, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, equities research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.04%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter valued at about $27,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter valued at approximately $44,000. Quest Partners LLC purchased a new position in shares of Oracle in the second quarter worth $40,000. Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter valued at $51,000. Finally, Friedenthal Financial purchased a new stake in Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors.

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.