Oracle (NYSE:ORCL) Trading 1.2% Higher – Still a Buy?

Shares of Oracle Corporation (NYSE:ORCLGet Free Report) traded up 1.2% during trading on Friday . The stock traded as high as $197.00 and last traded at $192.1310. 10,753,915 shares changed hands during trading, a decline of 60% from the average session volume of 27,076,824 shares. The stock had previously closed at $189.77.

Key Headlines Impacting Oracle

Here are the key news stories impacting Oracle this week:

Analyst Ratings Changes

Several analysts recently commented on the stock. DA Davidson increased their target price on shares of Oracle from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Jefferies Financial Group cut their target price on shares of Oracle from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Monness Crespi & Hardt reissued a “hold” rating on shares of Oracle in a research note on Wednesday, March 11th. Stifel Nicolaus cut their target price on shares of Oracle from $275.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Finally, Piper Sandler cut their target price on shares of Oracle from $240.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.46.

View Our Latest Analysis on ORCL

Oracle Price Performance

The stock’s fifty day moving average price is $166.27 and its 200-day moving average price is $179.99. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $552.58 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.55.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.08. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The business had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same quarter in the previous year, the business earned $1.47 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. Equities research analysts predict that Oracle Corporation will post 6.08 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Thursday, April 9th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, April 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. Oracle’s payout ratio is currently 35.91%.

Insider Activity

In other news, EVP Stuart Levey sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $176.19, for a total transaction of $2,642,850.00. Following the sale, the executive vice president owned 3,429 shares in the company, valued at $604,155.51. The trade was a 81.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

Large investors have recently made changes to their positions in the company. HFM Investment Advisors LLC increased its stake in Oracle by 290.9% in the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 96 shares during the period. Basepoint Wealth LLC acquired a new position in Oracle in the 4th quarter valued at approximately $26,000. FSA Wealth Management LLC acquired a new position in Oracle in the 3rd quarter valued at approximately $28,000. Osbon Capital Management LLC acquired a new position in Oracle in the 4th quarter valued at approximately $28,000. Finally, Joseph Group Capital Management acquired a new position in Oracle in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

About Oracle

(Get Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

Further Reading

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