Oracle (NYSE:ORCL) Trading Down 2.7% – What’s Next?

Oracle Corporation (NYSE:ORCL)’s share price fell 2.7% during trading on Monday . The company traded as low as $181.40 and last traded at $184.79. Approximately 43,575,189 shares were traded during mid-day trading, an increase of 157% from the average session volume of 16,962,160 shares. The stock had previously closed at $189.97.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Sanford C. Bernstein decreased their price target on Oracle from $364.00 to $339.00 and set an “outperform” rating for the company in a report on Thursday. KeyCorp lowered their target price on Oracle from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley lifted their price objective on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. William Blair reaffirmed an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Finally, Redburn Partners set a $175.00 target price on Oracle in a research report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $302.92.

Oracle Trading Down 2.7%

The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $245.58 and a 200-day moving average of $241.93. The firm has a market cap of $530.93 billion, a P/E ratio of 34.73, a P/E/G ratio of 1.82 and a beta of 1.66.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio is 37.59%.

Insider Transactions at Oracle

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the sale, the chief executive officer owned 154,030 shares in the company, valued at $42,610,859.20. This represents a 20.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, the director owned 29,225 shares of the company’s stock, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 171,513 shares of company stock worth $50,397,893. 40.90% of the stock is currently owned by company insiders.

Institutional Trading of Oracle

Several hedge funds have recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in Oracle in the third quarter valued at about $28,000. Darwin Wealth Management LLC grew its holdings in shares of Oracle by 130.0% in the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after buying an additional 65 shares during the period. Mpwm Advisory Solutions LLC grew its stake in Oracle by 76.9% in the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Turning Point Benefit Group Inc. bought a new position in shares of Oracle during the 3rd quarter valued at about $35,000. Finally, Winnow Wealth LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $28,000. 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.