Oracle (NYSE:ORCL) Stock Price Up 0.3%

Oracle Co. (NYSE:ORCL - Get Free Report)'s share price rose 0.3% on Friday . The company traded as high as $124.72 and last traded at $123.81. Approximately 1,758,639 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 7,937,068 shares. The stock had previously closed at $123.50.

Wall Street Analyst Weigh In

• DocuSign: Can AI Move the Needle in Fiscal 2025?

ORCL has been the topic of a number of research reports. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Thursday. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an "overweight" rating and a $150.00 price target on the stock. William Blair upgraded shares of Oracle from a "market perform" rating to an "outperform" rating in a report on Tuesday, March 12th. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets upped their price target on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a report on Tuesday, March 12th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.76.

View Our Latest Stock Analysis on ORCL

Oracle Price Performance

• AI Is Booming, But Not For These Stocks …Yet

The firm's 50-day moving average price is $120.21 and its two-hundred day moving average price is $115.47. The stock has a market cap of $342.46 billion, a PE ratio of 32.67, a PEG ratio of 2.54 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analysts' expectations of $13.29 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The company's revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

• The 4 Horsemen of the Generative AI Revolution

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. Oracle's payout ratio is 42.22%.

Insider Activity at Oracle

In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company's stock, valued at $10,299,071.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders sold 880,000 shares of company stock valued at $110,488,150 over the last 90 days. Insiders own 42.80% of the company's stock.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Capital Management LLC acquired a new stake in Oracle during the third quarter valued at $25,000. Westend Capital Management LLC acquired a new stake in Oracle during the first quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in Oracle during the third quarter valued at $27,000. Finally, Tidemark LLC acquired a new stake in Oracle during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 42.44% of the company's stock.

About Oracle

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.

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