Oracle (NYSE:ORCL) Trading 1.5% Higher – What’s Next?

Oracle Co. (NYSE:ORCL)’s stock price shot up 1.5% on Friday . The stock traded as high as $163.16 and last traded at $161.97. 3,694,518 shares were traded during trading, a decline of 53% from the average session volume of 7,868,612 shares. The stock had previously closed at $159.54.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ORCL shares. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley increased their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

The stock has a market cap of $450.56 billion, a P/E ratio of 39.41, a PEG ratio of 3.03 and a beta of 1.06. 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 stock has a 50-day simple moving average of $176.53 and a 200-day simple moving average of $161.22.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share. Research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Institutional Investors Weigh In On Oracle

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $40,000. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Oracle by 6.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,689 shares of the enterprise software provider’s stock valued at $4,757,000 after purchasing an additional 2,103 shares in the last quarter. Waterloo Capital L.P. lifted its stake in Oracle by 6.1% in the second quarter. Waterloo Capital L.P. now owns 8,934 shares of the enterprise software provider’s stock valued at $1,261,000 after buying an additional 510 shares during the period. LJI Wealth Management LLC grew its position in shares of Oracle by 201.7% during the 2nd quarter. LJI Wealth Management LLC now owns 4,858 shares of the enterprise software provider’s stock worth $686,000 after buying an additional 3,248 shares during the period. Finally, WCG Wealth Advisors LLC lifted its position in shares of Oracle by 26.9% during the 2nd quarter. WCG Wealth Advisors LLC now owns 56,602 shares of the enterprise software provider’s stock valued at $7,992,000 after acquiring an additional 12,014 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle 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.