Oracle (NYSE:ORCL) Reaches New 12-Month Low – Here’s Why

Oracle Corporation (NYSE:ORCLGet Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $120.45 and last traded at $122.1220, with a volume of 7961518 shares trading hands. The stock had previously closed at $126.41.

Oracle News Summary

Here are the key news stories impacting Oracle this week:

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. KeyCorp reiterated an “overweight” rating on shares of Oracle in a report on Thursday, June 11th. Wedbush dropped their price objective on Oracle from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. DA Davidson raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and issued a $225.00 target price on shares of Oracle in a research note on Thursday, June 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $284.00 target price on shares of Oracle in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $265.03.

Get Our Latest Stock Analysis on ORCL

Oracle Stock Performance

The stock has a fifty day moving average price of $177.30 and a 200 day moving average price of $169.28. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.21. The firm has a market cap of $351.56 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.72.

Oracle (NYSE:ORCLGet Free Report) last posted its earnings results on Wednesday, June 10th. The enterprise software provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.15. Oracle had a return on equity of 58.62% and a net margin of 25.37%.The firm had revenue of $19.18 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the company earned $1.70 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Oracle has set its Q1 2027 guidance at 1.720-1.760 EPS and its FY 2027 guidance at 8.050-8.050 EPS. As a group, analysts predict that Oracle Corporation will post 6.47 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 10th. Oracle’s dividend payout ratio is currently 34.31%.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $159.16, for a total value of $63,664,000.00. Following the transaction, the insider owned 400,000 shares in the company, valued at $63,664,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oracle

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Asset Management LLC increased its stake in shares of Oracle by 3.7% in the second quarter. Trust Asset Management LLC now owns 18,516 shares of the enterprise software provider’s stock worth $2,714,000 after purchasing an additional 667 shares during the period. Whitener Capital Management Inc. boosted its stake in Oracle by 2.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 5,149 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 119 shares during the period. JFS Wealth Advisors LLC grew its holdings in Oracle by 5.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,393 shares of the enterprise software provider’s stock valued at $351,000 after buying an additional 126 shares during the last quarter. Tema ETFs LLC grew its holdings in Oracle by 10.7% in the 2nd quarter. Tema ETFs LLC now owns 34,424 shares of the enterprise software provider’s stock valued at $5,045,000 after buying an additional 3,335 shares during the last quarter. Finally, West Branch Capital LLC increased its position in Oracle by 0.8% in the 2nd quarter. West Branch Capital LLC now owns 43,013 shares of the enterprise software provider’s stock worth $6,304,000 after buying an additional 360 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile

(Get Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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