Oracle (NYSE:ORCL) Stock Price Down 1.2% – Here’s What Happened

Oracle Co. (NYSE:ORCL) shares were down 1.2% on Tuesday . The company traded as low as $174.28 and last traded at $174.95. Approximately 3,068,817 shares were traded during trading, a decline of 68% from the average daily volume of 9,486,523 shares. The stock had previously closed at $177.15.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. CIBC restated a “buy” rating on shares of Oracle in a research note on Monday. BMO Capital Markets raised their target price on shares of Oracle from $175.00 to $200.00 and gave the stock a “market perform” rating in a report on Monday. Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price target for the company. Barclays lowered their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $177.35.

Oracle Stock Down 0.1%

The company has a market capitalization of $495.12 billion, a PE ratio of 43.35, a P/E/G ratio of 3.46 and a beta of 1.32. The stock’s fifty day moving average is $147.83 and its two-hundred day moving average is $160.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5 EPS for the current year.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last quarter. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

Large investors have recently added to or reduced their stakes in the business. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter worth $28,000. Finally, Iron Horse Wealth Management LLC increased its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. 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.