By otakuyassine3@gmail.com 
Oracle Co. (NYSE:ORCL – Get Free Report) shares dropped 4.1% on Monday following a dissappointing earnings announcement. The company traded as low as $147.13 and last traded at $148.77. Approximately 4,310,383 shares traded hands during trading, a decline of 62% from the average daily volume of 11,447,529 shares. The stock had previously closed at $155.16.
The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share.
Oracle Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.39%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is presently 39.12%.
Analyst Ratings Changes
ORCL has been the topic of several analyst reports. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Cantor Fitzgerald lowered their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday. Piper Sandler cut their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, KeyCorp reissued an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.92.
View Our Latest Research Report on Oracle
Insider Buying and Selling at Oracle
In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.
Institutional Trading of Oracle
Hedge funds have recently bought and sold shares of the company. Howard Capital Management Group LLC increased its stake in shares of Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after acquiring an additional 883 shares during the last quarter. Impax Asset Management Group plc increased its position in Oracle by 2.3% during the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock worth $395,295,000 after purchasing an additional 53,128 shares during the last quarter. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. United Bank boosted its holdings in shares of Oracle by 4.8% in the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after purchasing an additional 519 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Oracle by 7.5% during the 3rd quarter. Assetmark Inc. now owns 10,767 shares of the enterprise software provider’s stock valued at $1,835,000 after buying an additional 747 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Trading Down 3.0 %
The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $403.58 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07. The business has a fifty day moving average price of $166.82 and a 200 day moving average price of $169.62.
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.
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