Oracle (NYSE:ORCL) Posts Earnings Results, Beats Expectations By $0.06 EPS

Oracle (NYSE:ORCL) released its quarterly earnings data on Monday. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06, Briefing.com reports. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm earned $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Oracle updated its Q2 guidance to $1.45-1.49 EPS.

Oracle Stock Performance

Oracle stock opened at $139.91 on Tuesday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The company has a market capitalization of $385.57 billion, a PE ratio of 37.71, a P/E/G ratio of 2.56 and a beta of 1.01. The company has a 50 day moving average price of $138.65 and a 200-day moving average price of $128.82. Oracle has a fifty-two week low of $99.26 and a fifty-two week high of $146.59.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. KeyCorp increased their target price on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and set a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Evercore ISI boosted their price target on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 target price on shares of Oracle in a report on Friday, July 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $175.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $146.30.

Insider Buying and Selling at Oracle

In related news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares in the company, valued at approximately $30,157,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the sale, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock valued at $266,776,624 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

Several hedge funds have recently added to or reduced their stakes in ORCL. Werlinich Asset Management LLC boosted its holdings in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC boosted its stake in Oracle by 2.7% in the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after buying an additional 75 shares during the last quarter. Invst LLC grew its holdings in Oracle by 2.4% in the 2nd quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock valued at $482,000 after buying an additional 79 shares during the period. ERn Financial LLC grew its holdings in Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after buying an additional 80 shares during the period. Finally, Key Financial Inc increased its stake in shares of Oracle by 1.2% during the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after acquiring an additional 80 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other 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.