Oracle (NYSE:ORCL) Announces Earnings Results

Oracle (NYSE:ORCL) issued its quarterly earnings results on Monday. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04, MarketWatch Earnings reports. The company had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. Oracle had a net margin of 17.02% and a negative return on equity of 470.73%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Oracle updated its Q2 guidance to $1.30-1.34 EPS.

Oracle Price Performance

Shares of NYSE ORCL opened at $109.61 on Wednesday. The business has a 50 day simple moving average of $117.41 and a 200-day simple moving average of $105.85. Oracle has a twelve month low of $60.78 and a twelve month high of $127.54. The company has a market capitalization of $297.51 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 3.48 and a beta of 1.00. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 55.54.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.46%. Oracle’s payout ratio is currently 52.29%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. Evercore ISI raised their target price on shares of Oracle from $125.00 to $131.00 and gave the stock an “in-line” rating in a research report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Oracle from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Mizuho upped their price objective on shares of Oracle from $116.00 to $150.00 in a research report on Tuesday, June 13th. UBS Group lowered their target price on shares of Oracle from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus increased their price target on shares of Oracle from $84.00 to $120.00 in a report on Tuesday, June 13th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $122.10.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 3,680 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $115.00, for a total transaction of $423,200.00. Following the sale, the executive vice president now owns 16,600 shares in the company, valued at $1,909,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Maria Smith sold 3,680 shares of Oracle stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $115.00, for a total transaction of $423,200.00. Following the sale, the executive vice president now owns 16,600 shares of the company’s stock, valued at $1,909,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $138,576,328,095.35. The disclosure for this sale can be found here. Insiders sold a total of 4,175,443 shares of company stock worth $510,658,596 over the last 90 days. Insiders own 43.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fairfield Bush & CO. grew its stake in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after purchasing an additional 2,221 shares during the last quarter. AMI Investment Management Inc. boosted its stake in shares of Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after acquiring an additional 579 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after acquiring an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. raised its position in shares of Oracle by 79.6% during the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Oracle by 125.2% during the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after purchasing an additional 1,109 shares during the last quarter. 42.44% of the stock is currently owned by 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.