Mizuho Has Lowered Expectations for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its target price decreased by Mizuho from $210.00 to $180.00 in a report issued on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the enterprise software provider’s stock.

ORCL has been the topic of a number of other research reports. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective on the stock. Piper Sandler reduced their price objective on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. Finally, Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $177.12.

Oracle Stock Down 0.6 %

Shares of Oracle stock opened at $133.83 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a market cap of $374.33 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The company’s 50 day moving average is $153.73 and its 200 day moving average is $167.15.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,453,328 shares of company stock worth $454,439,851 over the last 90 days. Company insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

Several institutional investors and hedge funds have recently modified their holdings of ORCL. Principal Financial Group Inc. increased its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. McClarren Financial Advisors Inc. raised its holdings in shares of Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares in the last quarter. RMR Wealth Builders lifted its stake in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares during the period. Foundations Investment Advisors LLC grew its holdings in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Oracle in the 4th quarter worth approximately $1,800,000. 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.