Oracle (NYSE:ORCL) Issues Q4 Earnings Guidance

Oracle (NYSE:ORCL) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.62-1.66 for the period, compared to the consensus estimate of $1.64.

Analyst Ratings Changes

ORCL has been the subject of several research reports. UBS Group lowered their price objective on shares of Oracle from $135.00 to $125.00 and set a buy rating for the company in a research report on Tuesday, December 12th. Wolfe Research lowered their price objective on shares of Oracle from $140.00 to $130.00 and set an outperform rating for the company in a research report on Tuesday, December 12th. Morgan Stanley lowered their price objective on shares of Oracle from $107.00 to $106.00 and set an equal weight rating for the company in a research report on Tuesday, December 12th. Evercore ISI lowered their price target on shares of Oracle from $135.00 to $130.00 and set an outperform rating for the company in a research report on Tuesday, December 12th. Finally, Piper Sandler lowered their price target on shares of Oracle from $125.00 to $122.00 and set an overweight rating for the company in a research report on Tuesday, January 2nd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of Moderate Buy and a consensus target price of $127.00.

Oracle Trading Up 1.5 %

Shares of NYSE:ORCL traded up $1.71 during trading on Monday, reaching $114.13. 14,536,474 shares of the company traded hands, compared to its average volume of 7,953,337. The firm has a market capitalization of $313.73 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 2.15 and a beta of 1.00. Oracle has a 52-week low of $82.04 and a 52-week high of $127.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84. The business’s fifty day moving average is $110.98 and its 200-day moving average is $110.92.

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 company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. As a group, analysts forecast that Oracle will post 4.44 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. Oracle’s dividend payout ratio (DPR) is 44.20%.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 16,300 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total value of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.80% of the company’s stock.

Institutional Trading of Oracle

A number of large investors have recently added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 149,699,321 shares of the enterprise software provider’s stock worth $15,782,799,000 after purchasing an additional 2,425,908 shares during the period. State Street Corp boosted its holdings in Oracle by 2.6% during the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock valued at $5,815,566,000 after acquiring an additional 1,570,528 shares during the period. Morgan Stanley boosted its holdings in Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after acquiring an additional 1,794,080 shares during the period. Norges Bank purchased a new position in Oracle during the 4th quarter valued at $1,409,896,000. Finally, Legal & General Group Plc raised its position in Oracle by 28.2% during the 4th quarter. Legal & General Group Plc now owns 13,266,817 shares of the enterprise software provider’s stock valued at $1,398,719,000 after purchasing an additional 2,914,832 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

About Oracle

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.