Oracle (NYSE:ORCL) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Oracle (NYSE:ORCL) from a buy rating to a hold rating in a research report report published on Wednesday morning.

ORCL has been the subject of a number of other research reports. Argus raised shares of Oracle from a hold rating to a buy rating in a research note on Thursday, March 14th. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an overweight rating for the company in a research report on Tuesday, January 2nd. William Blair raised Oracle from a market perform rating to an outperform rating in a report on Tuesday, March 12th. KeyCorp began coverage on Oracle in a research note on Thursday, March 21st. They issued an overweight rating and a $150.00 target price on the stock. Finally, Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They issued a market perform rating for the company. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $130.76.

Oracle Trading Up 0.7 %

NYSE ORCL opened at $115.80 on Wednesday. The firm has a market capitalization of $318.28 billion, a PE ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. The stock’s 50 day moving average is $119.91 and its 200 day moving average is $113.32. Oracle has a twelve month low of $94.41 and a twelve month high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ORCL. Hemington Wealth Management bought a new position in shares of Oracle in the first quarter worth approximately $222,000. Coulter & Justus Financial Services LLC bought a new position in Oracle in the 1st quarter worth $396,000. Geneos Wealth Management Inc. boosted its holdings in Oracle by 6.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 18,828 shares of the enterprise software provider’s stock worth $2,365,000 after buying an additional 1,092 shares during the period. Csenge Advisory Group increased its stake in Oracle by 22.7% in the 1st quarter. Csenge Advisory Group now owns 9,933 shares of the enterprise software provider’s stock worth $1,248,000 after buying an additional 1,836 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Oracle by 11.0% during the first quarter. Signaturefd LLC now owns 41,638 shares of the enterprise software provider’s stock valued at $5,230,000 after acquiring an additional 4,114 shares during the period. Institutional investors 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.