ORCL has been the subject of several other research reports. Royal Bank of Canada set a $51.00 price objective on Oracle and gave the company a neutral rating in a report on Monday. J P Morgan Chase & Co set a $55.00 price objective on Oracle and gave the company a buy rating in a report on Monday. Moffett Nathanson began coverage on Oracle in a report on Wednesday, September 6th. They issued a buy rating and a $65.00 price objective for the company. Vetr upgraded Oracle from a strong sell rating to a sell rating and set a $46.58 price objective for the company in a report on Monday, September 18th. Finally, Zacks Investment Research upgraded Oracle from a hold rating to a buy rating and set a $54.00 price objective for the company in a report on Friday, August 18th. Fourteen equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Oracle currently has an average rating of Buy and a consensus target price of $55.26.
Shares of Oracle (NYSE:ORCL) traded down $1.89 during mid-day trading on Friday, reaching $48.30. The company’s stock had a trading volume of 75,176,000 shares, compared to its average volume of 13,604,364. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle has a one year low of $38.30 and a one year high of $53.14. The firm has a market cap of $201,579.36, a price-to-earnings ratio of 18.44, a PEG ratio of 1.84 and a beta of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 32.62%.
Oracle announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. Insiders have sold 302,026 shares of company stock worth $14,633,187 over the last ninety days. 29.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in Oracle by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after purchasing an additional 450,836 shares in the last quarter. Partnervest Advisory Services LLC boosted its stake in shares of Oracle by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its stake in shares of Oracle by 125.6% during the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock worth $8,331,000 after acquiring an additional 92,500 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its stake in shares of Oracle by 8.9% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock worth $5,701,000 after acquiring an additional 9,328 shares in the last quarter. Finally, LGT Capital Partners LTD. boosted its stake in shares of Oracle by 14.0% during the 2nd quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock worth $31,260,000 after acquiring an additional 76,653 shares in the last quarter. Hedge funds and other institutional investors own 57.70% of the company’s stock.
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Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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