Oracle (NYSE:ORCL) Trading 0.6% Higher – Time to Buy?

Oracle Co. (NYSE:ORCL)’s stock price traded up 0.6% during trading on Friday . The stock traded as high as $176.29 and last traded at $175.49. 941,976 shares were traded during trading, a decline of 89% from the average session volume of 8,347,717 shares. The stock had previously closed at $174.38.

Wall Street Analyst Weigh In

ORCL has been the topic of several research reports. Bank of America upped their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada started coverage on Oracle in a report on Wednesday. They issued a “sector perform” rating and a $165.00 price objective on the stock. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Sanford C. Bernstein increased their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Mizuho raised their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Trading Down 0.5 %

The company has a market capitalization of $478.20 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. The company has a 50 day simple moving average of $160.15 and a 200 day simple moving average of $140.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company earned $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Transactions at Oracle

In related 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 value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management grew its stake in shares of Oracle by 16.8% in the 3rd quarter. Financial Advocates Investment Management now owns 6,141 shares of the enterprise software provider’s stock valued at $1,046,000 after buying an additional 885 shares during the period. S.A. Mason LLC lifted its holdings in Oracle by 19.6% in the third quarter. S.A. Mason LLC now owns 9,181 shares of the enterprise software provider’s stock valued at $1,564,000 after acquiring an additional 1,504 shares during the last quarter. Cornerstone Wealth Group LLC grew its position in Oracle by 0.5% in the third quarter. Cornerstone Wealth Group LLC now owns 16,382 shares of the enterprise software provider’s stock worth $2,791,000 after acquiring an additional 87 shares during the period. Diversify Wealth Management LLC increased its stake in Oracle by 31.4% during the third quarter. Diversify Wealth Management LLC now owns 36,731 shares of the enterprise software provider’s stock worth $6,358,000 after acquiring an additional 8,787 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Oracle by 0.7% in the third quarter. Pinnacle Associates Ltd. now owns 221,266 shares of the enterprise software provider’s stock valued at $37,704,000 after purchasing an additional 1,483 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.