Oracle (NYSE:ORCL) Shares Down 7.1% – What’s Next?

Oracle Corporation (NYSE:ORCL – Get Free Report)’s stock price was down 7.1% on Thursday. The stock traded as low as $111.66 and last traded at $114.8840. Approximately 54,433,393 shares were traded during mid-day trading, an increase of 78% from the average session volume of 30,586,479 shares. The stock had previously closed at $123.73.

Trending Headlines about Oracle

Here are the key news stories impacting Oracle this week:

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Oracle from $250.00 to $252.00 and gave the company an “overweight” rating in a report on Friday, September 11th. Stifel Nicolaus reduced their price target on shares of Oracle from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Stephens upgraded shares of Oracle from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $185.00 to $213.00 in a research report on Monday. Citigroup reissued a “market outperform” rating on shares of Oracle in a research note on Thursday, October 29th. Finally, Freedom Broker cut their price objective on Oracle from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.27.

Check Out Our Latest Analysis on Oracle

Oracle Stock Performance

The company has a market cap of $347.38 billion, a PE ratio of 18.01, a P/E/G ratio of 0.99 and a beta of 1.79. The stock’s 50 day simple moving average is $140.51 and its two-hundred day simple moving average is $156.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.89.

Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.18. Oracle had a return on equity of 48.85% and a net margin of 26.36%. The business had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $19.13 billion. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. As a group, research analysts anticipate that Oracle Corporation will post 6.72 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were issued a $0.50 dividend. The ex-dividend date was Friday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Oracle’s payout ratio is currently 31.35%.

Insider Activity at Oracle

In related news, Director Stephen Rusckowski purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of $139.35 per share, with a total value of $3,483,750.00. Following the completion of the transaction, the director owned 25,390 shares of the company’s stock, valued at $3,538,096.50. This represents a 6,410.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Sicilia sold 22,562 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $151.59, for a total transaction of $3,420,173.58. Following the completion of the sale, the chief executive officer directly owned 182,929 shares of the company’s stock, valued at $27,730,207.11. The trade was a 10.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 36,075 shares of company stock valued at $5,342,123. Insiders own 38.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORCL. Sherman Asset Management Inc. increased its stake in Oracle by 5.5% during the 1st quarter. Sherman Asset Management Inc. now owns 1,054 shares of the enterprise software provider’s stock valued at $155,000 after buying an additional 55 shares during the period. Gould Asset Management LLC CA lifted its stake in shares of Oracle by 2.0% in the 1st quarter. Gould Asset Management LLC CA now owns 3,172 shares of the enterprise software provider’s stock worth $467,000 after acquiring an additional 62 shares during the period. One Charles Private Wealth Services LLC lifted its stake in shares of Oracle by 1.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 3,859 shares of the enterprise software provider’s stock worth $568,000 after acquiring an additional 62 shares during the period. Main Street Group LTD lifted its stake in shares of Oracle by 3.9% in the 1st quarter. Main Street Group LTD now owns 1,662 shares of the enterprise software provider’s stock worth $245,000 after acquiring an additional 63 shares during the period. Finally, Capstone Financial Advisors Inc. boosted its holdings in shares of Oracle by 3.6% in the second quarter. Capstone Financial Advisors Inc. now owns 1,809 shares of the enterprise software provider’s stock valued at $265,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Company Profile

(Get Free Report)

Oracle Corporation (NYSE: ORCL) is a global technology company that develops enterprise software, cloud infrastructure and database technologies. Its products help organizations store, manage, analyze and secure data, while supporting business operations across industries and geographies.

The company’s offerings include Oracle Database, Java, Oracle Cloud Infrastructure and a broad portfolio of cloud-based applications. These applications serve functions such as enterprise resource planning, financial management, human resources, supply-chain management, customer experience and industry-specific operations.

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