Does Oracle Corporation (NYSE:ORCL) warrant a purchase right now? What to Consider Before Making a Decision

Oracle Corporation (NYSE:ORCL) shares traded 1.55% higher at $99.77 on Wall Street last session.

In accordance with the data, 31 analysts cover Oracle Corporation (NYSE:ORCL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $125.00 and a low of $75.00, we find $96.00. Given the previous closing price of $98.25, this indicates a potential downside of -2.29 percent. ORCL stock price is now 7.91% away from the 50-day moving average and 21.55% away from the 200-day moving average. The market capitalization of the company currently stands at $268.23B.

It has been rated a hold by 15 analysts and a buy by 12. Brokers who have rated the stock have averaged $99.82 as their price target over the next twelve months.

With the price target enhanced from $98 to $105, KeyBanc Capital Markets maintained Overweight rating for Oracle Corporation (NYSE: ORCL)., while ‘DA Davidson’ rates the stock as ‘Neutral’.

In other news, CATZ SAFRA, Chief Executive Officer sold 1,924,058 shares of the company’s stock on Apr 12. The stock was sold for $181,559,669 at an average price of $94.36. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,118,592 shares in the company, valued at $111.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11, Chief Executive Officer CATZ SAFRA sold 1,837,101 shares of the business’s stock. A total of $172,436,730 was realized by selling the stock at an average price of $93.86. This leaves the insider owning 1,118,592 shares of the company worth $111.6 million. Insiders disposed of 11,733,302 shares of company stock worth roughly $1.17 billion over the past 1 year. A total of 42.60% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in ORCL stock. A new stake in Oracle Corporation shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $3,408,893,000. FARMER STEVEN PATRICK invested $95,978,000 in shares of ORCL during the first quarter. In the first quarter, POINTSTATE CAPITAL LP acquired a new stake in Oracle Corporation valued at approximately $92,432,000. ABEILLE ASSET MANAGEMENT SA acquired a new stake in ORCL for approximately $38,605,000. MAR VISTA INVESTMENT PARTNERS LLC purchased a new stake in ORCL valued at around $36,339,000 in the second quarter. In total, there are 2,906 active investors with 42.70% ownership of the company’s stock.

Oracle Corporation (NYSE: ORCL) opened at $98.78 on Wednesday. During the past 12 months, Oracle Corporation has had a low of $60.78 and a high of $98.85. According to the stock market information, the enterprise value for the company is $344.84B, which is based on a 32.79 price-to-earnings ratio, a 3.62 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for ORCL is $92.68 and a two-hundred day moving average price translates $82.19 for the stock.

The latest earnings results from Oracle Corporation (NYSE: ORCL) was released for Feb, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.22, beating analysts’ expectations of $1.2 by 0.02. This compares to $0.84 EPS in the same period last year. The net profit margin was 17.50% and return on equity was -178.50% for ORCL. The company reported revenue of $12.4 billion for the quarter, compared to $10.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.93 percent. For the current quarter, analysts expect ORCL to generate $13.72B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 04/24/2023. Investors who held shares on 04/11/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 1.60% percent yield. There was an ex-dividend date of 04/10/2023 for this dividend. In terms of dividend payout ratio, ORCL is presently at 41.00%.

Oracle Corporation(ORCL) 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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business’ infrastructure technologies, such as the Oracle Database, an enterprise database; Java, a software development language; and middleware, including development tools and others. The company’s cloud and license business’ infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.