Oracle (NYSE:ORCL) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Oracle (NYSE:ORCL) announced its quarterly earnings data on Wednesday. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06, RTT News reports. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS.

Oracle Price Performance

Shares of ORCL stock opened at $199.67 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a twelve month low of $118.86 and a twelve month high of $202.49. The firm has a fifty day simple moving average of $151.06 and a 200-day simple moving average of $160.44. The company has a market capitalization of $558.47 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. Evercore ISI lifted their price target on Oracle from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oracle from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays increased their target price on shares of Oracle from $202.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.30.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

An institutional investor recently raised its position in Oracle stock. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,418 shares of the enterprise software provider’s stock after acquiring an additional 404 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Oracle were worth $903,000 at the end of the most recent quarter. Hedge funds and other 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.