Oracle (NYSE:ORCL) Upgraded at StockNews.com

StockNews.com upgraded shares of Oracle (NYSE:ORCL) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

A number of other research firms have also recently commented on ORCL. Piper Sandler cut their price target on shares of Oracle from $125.00 to $122.00 and set an overweight rating on the stock in a report on Tuesday, January 2nd. Argus upgraded shares of Oracle from a hold rating to a buy rating in a report on Thursday, March 14th. KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They set an overweight rating and a $150.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a market perform rating in a research report on Tuesday, March 12th. Finally, William Blair raised shares of Oracle from a market perform rating to an outperform rating in a report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of Moderate Buy and an average price target of $130.76.

Oracle Trading Down 0.4 %

Shares of ORCL stock opened at $114.86 on Tuesday. The firm has a fifty day moving average price of $119.30 and a 200-day moving average price of $113.06. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a market cap of $315.69 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.31 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, equities analysts predict that Oracle will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. Oracle’s dividend payout ratio is presently 42.22%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

Several institutional investors and hedge funds have recently bought and sold shares of ORCL. International Assets Investment Management LLC raised its position in Oracle by 3.2% in the third quarter. International Assets Investment Management LLC now owns 4,717 shares of the enterprise software provider’s stock valued at $494,000 after purchasing an additional 147 shares during the period. BTC Capital Management Inc. lifted its position in shares of Oracle by 70.1% during the third quarter. BTC Capital Management Inc. now owns 7,650 shares of the enterprise software provider’s stock worth $810,000 after purchasing an additional 3,152 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in shares of Oracle by 2.7% in the third quarter. Meridian Wealth Management LLC now owns 20,051 shares of the enterprise software provider’s stock valued at $2,124,000 after purchasing an additional 534 shares during the period. Sander Capital Advisors Inc. grew its holdings in shares of Oracle by 74.5% in the third quarter. Sander Capital Advisors Inc. now owns 48,869 shares of the enterprise software provider’s stock valued at $5,176,000 after purchasing an additional 20,869 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its holdings in Oracle by 5.1% during the 3rd quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock worth $432,000 after buying an additional 197 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.