In yesterday’s Wall Street session, Oracle Corporation (NYSE:ORCL) shares traded at $126.71, up 0.31% from the previous session.
As of this writing, 32 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 $151.00 and a low of $105.00, we find $136.00. Given the previous closing price of $126.32, this indicates a potential upside of 7.66 percent. ORCL stock price is now 7.98% away from the 50-day moving average and 28.34% away from the 200-day moving average. The market capitalization of the company currently stands at $340.57B.
There are 15 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $133.45 as their price target over the next twelve months.
With the price target enhanced from $126 to $150, Barclays Upgraded its rating from Equal Weight to Overweight for Oracle Corporation (NYSE: ORCL).
In other news, Smith Maria, EVP, Chief Accounting Officer sold 3,680 shares of the company’s stock on Jul 07. The stock was sold for $423,200 at an average price of $115.00. Upon completion of the transaction, the EVP, Chief Accounting Officer now directly owns 16,600 shares in the company, valued at $2.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, EVP, Chief Accounting Officer Smith Maria sold 1,320 shares of the business’s stock. A total of $154,150 was realized by selling the stock at an average price of $116.78. This leaves the insider owning 20,280 shares of the company worth $2.57 million. Insiders disposed of 13,696,649 shares of company stock worth roughly $1.74 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 COATUE MANAGEMENT LLC during the first quarter worth $552,932,000. D. E. SHAW & CO., INC. invested $231,342,000 in shares of ORCL during the first quarter. In the first quarter, TAIREN CAPITAL LTD acquired a new stake in Oracle Corporation valued at approximately $219,842,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in ORCL for approximately $96,999,000. ANATOLE INVESTMENT MANAGEMENT LTD purchased a new stake in ORCL valued at around $90,944,000 in the second quarter. In total, there are 3,028 active investors with 42.70% ownership of the company’s stock.
Monday morning saw Oracle Corporation (NYSE: ORCL) opened at $127.02. During the past 12 months, Oracle Corporation has had a low of $60.78 and a high of $127.54. As of last week, the company has a debt-to-equity ratio of 84.33, a current ratio of 0.90, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $423.16B, which is based on a 41.29 price-to-earnings ratio, a 3.60 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for ORCL is $117.35 and a two-hundred day moving average price translates $98.73 for the stock.
The latest earnings results from Oracle Corporation (NYSE: ORCL) was released for May, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.67, beating analysts’ expectations of $1.58 by 0.09. This compares to $1.17 EPS in the same period last year. The net profit margin was 17.00% and return on equity was -296.60% for ORCL. The company reported revenue of $13.84 billion for the quarter, compared to $11.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.87 percent. For the current quarter, analysts expect ORCL to generate $12.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/26/2023. Investors who held shares on 07/12/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 1.26% percent yield. There was an ex-dividend date of 07/11/2023 for this dividend. In terms of dividend payout ratio, ORCL is presently at 40.60%.
