Oracle (NYSE:ORCL) Trading Down 0.2% – Should You Sell?

Oracle Co. (NYSE:ORCL)’s share price was down 0.2% on Tuesday . The company traded as low as $165.93 and last traded at $166.57. Approximately 604,299 shares changed hands during trading, a decline of 93% from the average daily volume of 8,323,898 shares. The stock had previously closed at $166.91.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Down 0.2 %

The firm has a market capitalization of $466.11 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50-day simple moving average is $179.37 and its 200-day simple moving average is $159.42.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. Analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter valued at $27,000. Quest Partners LLC bought a new position in shares of Oracle during the second quarter valued at about $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter worth about $44,000. Avondale Wealth Management purchased a new position in Oracle during the 3rd quarter valued at about $51,000. Finally, Friedenthal Financial bought a new position in Oracle during the 3rd quarter valued at approximately $51,000. 42.44% of the stock is owned by institutional investors.

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.