Oracle Co. (NYSE:ORCL) to Issue $0.50 Quarterly Dividend

Oracle Co. (NYSE:ORCL) declared a quarterly dividend on Thursday, June 12th, Wall Street Journal reports. Shareholders of record on Thursday, July 10th will be given a dividend of 0.50 per share by the enterprise software provider on Thursday, July 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 10th.

Oracle has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oracle to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.7%.

Oracle Trading Up 13.2%

Shares of Oracle stock opened at $199.67 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $151.06 and a 200 day moving average price of $160.44. Oracle has a 1 year low of $118.86 and a 1 year high of $202.49. The stock has a market cap of $558.47 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the company posted $1.63 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Oracle will post 5 earnings per share for the current year.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

A hedge fund recently raised its stake in Oracle stock. Revolve Wealth Partners LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,418 shares of the enterprise software provider’s stock after purchasing an additional 404 shares during the period. Revolve Wealth Partners LLC’s holdings in Oracle were worth $903,000 as of its most recent SEC filing. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Royal Bank of Canada raised their price target on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research report on Thursday. Mizuho dropped their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays dropped their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. UBS Group boosted their price target on shares of Oracle from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, KeyCorp boosted their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.30.

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.