Stocks of Oracle Corp. (NYSE:ORCL) traded higher last session on Wall Street, down -0.44% to $103.20.
According to the data, Oracle Corp. (NYSE:ORCL) has 34 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $92.60, we find $135.00. Given the previous closing price of $103.66, this indicates a potential upside of 30.23 percent. ORCL stock price is now -8.58% away from the 50-day moving average and 0.14% away from the 200-day moving average. The market capitalization of the company currently stands at $282.70B.
A total of 16 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $129.21 as their price target over the next twelve months.
With the price target enhanced from $131 to $135, Evercore ISI Upgraded its rating from In-line to Outperform for Oracle Corp. (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 $1.71 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 $2.09 million. Insiders disposed of 13,703,149 shares of company stock worth roughly $1.41 billion over the past 1 year. A total of 42.07% 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 Corp. shares was purchased by COATUE MANAGEMENT LLC during the first quarter worth $450,340,000. D. E. SHAW & CO., INC. invested $188,419,000 in shares of ORCL during the first quarter. In the first quarter, TAIREN CAPITAL LTD acquired a new stake in Oracle Corp. valued at approximately $179,052,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in ORCL for approximately $79,002,000. ANATOLE INVESTMENT MANAGEMENT LTD purchased a new stake in ORCL valued at around $74,070,000 in the second quarter. In total, there are 3,028 active investors with 43.69% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $103.95 for Oracle Corp. (NYSE: ORCL). During the past 12 months, Oracle Corp. has had a low of $71.78 and a high of $127.54. As of last week, the company has a debt-to-equity ratio of 37.53, a current ratio of 0.87, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $359.56B, which is based on a 30.70 price-to-earnings ratio, a 2.83 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for ORCL is $112.64 and a two-hundred day moving average price translates $103.14 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for Aug, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.12, beating analysts’ expectations of $1.08 by 0.04. This compares to $0.56 EPS in the same period last year. The company reported revenue of $12.45 billion for the quarter, compared to $11.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.81 percent. For the current quarter, analysts expect ORCL to generate $12.31B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/26/2023. Investors who held shares on 10/12/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.45 dividend and a 1.40% percent yield. There was an ex-dividend date of 10/11/2023 for this dividend. In terms of dividend payout ratio, ORCL is presently at 44.24%.
Oracle Corp.(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 Cerner healthcare, 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 and MySQL 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. The company has a collaboration with Amdocs Limited to empower customers on their journey towards cloud and digital adoption. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.
