Oracle (NYSE:ORCL) Trading Down 1.5% – Here’s What Happened

Oracle Corporation (NYSE:ORCLGet Free Report)’s stock price dropped 1.5% during mid-day trading on Thursday . The company traded as low as $160.33 and last traded at $161.38. Approximately 20,824,458 shares were traded during trading, a decline of 26% from the average daily volume of 28,299,686 shares. The stock had previously closed at $163.83.

Trending Headlines about Oracle

Here are the key news stories impacting Oracle this week:

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORCL. The Goldman Sachs Group raised shares of Oracle to a “strong-buy” rating in a research report on Monday, January 12th. UBS Group reiterated a “buy” rating on shares of Oracle in a report on Monday, February 2nd. JPMorgan Chase & Co. raised Oracle from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $230.00 to $210.00 in a research report on Wednesday, March 11th. TD Cowen decreased their target price on Oracle from $350.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Oracle from $375.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.56.

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Oracle Trading Down 1.5%

The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $464.14 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The stock has a 50-day moving average of $154.86 and a two-hundred day moving average of $190.00.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.08. Oracle had a return on equity of 62.70% and a net margin of 25.30%.The company had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.91 billion. During the same quarter last year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. On average, equities research analysts predict that Oracle Corporation will post 6.08 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Thursday, April 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Oracle’s dividend payout ratio (DPR) is 35.91%.

Insider Buying and Selling

In other Oracle news, EVP Stuart Levey sold 15,000 shares of Oracle stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.19, for a total value of $2,642,850.00. Following the completion of the sale, the executive vice president owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. This trade represents a 81.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Clayton M. Magouyrk sold 10,000 shares of Oracle stock in a transaction on Monday, February 9th. The stock was sold at an average price of $155.23, for a total value of $1,552,300.00. Following the completion of the sale, the chief executive officer directly owned 134,030 shares of the company’s stock, valued at approximately $20,805,476.90. The trade was a 6.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 40.90% of the stock is owned by company insiders.

Institutional Trading of Oracle

Institutional investors and hedge funds have recently modified their holdings of the business. HFM Investment Advisors LLC increased its holdings in shares of Oracle by 290.9% in the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock worth $25,000 after purchasing an additional 96 shares in the last quarter. Basepoint Wealth LLC bought a new stake in shares of Oracle in the 4th quarter worth $26,000. FSA Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth $28,000. Osbon Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter worth $28,000. Finally, Joseph Group Capital Management bought a new stake in shares of Oracle in the 4th quarter worth $29,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

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Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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