Oracle (ORCL) ‘Neutral’ Rating Affirmed on DA Davidson

DA Davidson maintained its neutral rating on the stock Oracle (NYSE:ORCL – Free Report) – according to Benzinga, in a report published on Wednesday morning. The enterprise software provider’s stock currently has a price target of $105.00.

Other analysts have also recently issued reports on the stock. Citigroup lowered their target price on Oracle shares from $133.00 to $128.00 and set a neutral rating on the stock in Monday’s report. BMO Capital Markets increased their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12. In Tuesday’s report, JMP Securities maintained its market performance recommendation for Oracle shares. Morgan Stanley raised their price target on Oracle shares from $115.00 to $125.00 and gave the stock an equal rating in a report on Wednesday. Finally, Piper Sandler raised their price target on Oracle shares from $140.00 to $150.00 and gave the company an “overperform” rating in a report on Wednesday. Fourteen analysts rated the company’s shares with a hold rating, and sixteen of them issued a buy rating. The company currently has an average rating of “Moderate Buy” and a consensus price target of $141.22, according to MarketBeat.com.

Check out our latest Oracle stock report

Oracle’s turnover increased by 13.2%

On Wednesday, NYSE ORCL traded at $140.29. The company’s 50-day moving average price is $120.46 and its 200-day moving average price is $115.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt to equity ratio of 13.34. The stock has a market value of $385.59 billion, a PE ratio of 37.02, a PEG ratio of 2.58 and a beta ratio of 1.01. Oracle has a 12 month low of $99.26 and a 12 month high of $140.96.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported EPS of $1.63 for the quarter, missing analyst estimates of $1.65 ($0.02). Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. In the same quarter last year, the company reported earnings per share of $1.35. The company’s revenue for the quarter increased by 3.3% year over year. Stock research analysts predict that Oracle will report 4.44 earnings per share this year.

Oracle announces dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25. Stockholders of record on Thursday, July 11 will receive a dividend of $0.40 per share. This represents a dividend of $1.60 on an annualized basis and a yield of 1.14%. The ex-dividend date for this dividend is Thursday, July 11. Oracle’s dividend payout ratio is currently 42.22%.

Insiders place their bets

In other Oracle news, CEO Michael J. Boskin sold 45,000 shares of the company’s 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 amount of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available at this link. In other news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of USD 116.00, for a total transaction amount of USD 2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, Director Michael J. Boskin sold 45,000 shares of Oracle 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 amount of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the shares are owned by insiders.

Hedge funds charge Oracle

Several institutional investors have recently made changes to their positions at ORCL. Invst LLC increased its holdings in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after acquiring an additional 86 shares in the last quarter. Nemes Rush Group LLC increased its holdings in Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after acquiring an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC increased its holdings in Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after acquiring an additional 90 shares in the last quarter. In the fourth quarter, Sovereign Financial Group Inc. increased its shares in Oracle by 2.9%. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after acquiring an additional 90 shares in the last quarter. And finally, in the fourth quarter, Godshalk Welsh Capital Management Inc. increased its shares in Oracle by 0.3%. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after acquiring an additional 90 shares in the last quarter. 42.44% of the shares are held by hedge funds and other institutional investors.

Oracle Company Profile

(Get the free report)

Oracle Corporation offers products and services for enterprise IT environments around the world. Oracle’s Cloud Software as a Service offering includes a variety of cloud applications, including Enterprise Resource Planning (ERP) in Oracle Fusion Cloud, Enterprise Performance Management in Oracle Fusion Cloud, Supply Chain and Manufacturing Management in Oracle Fusion Cloud, Human Capital Management in Oracle Fusion Cloud Fusion, Oracle Cerner Healthcare, Oracle Advertising and NetSuite suite of applications, and Oracle Fusion Sales, Service and Marketing.

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