"We're doing a lot of recruiting, you'll see a lot of announcements at the next layer down, that we're hiring a bunch of people the next layer down, who are potential CEOs when both Safra and I retire, which is not anytime soon". Insiders have sold a total of 76,479 shares of company stock worth $4,223,049 over the last ninety days. The company had a trading volume of 15,386,470 shares, compared to its average volume of 13,070,221. Finally, Goldman Sachs Group reissued a "buy" rating and set a $62.00 target price on shares of Oracle in a research report on Monday. Wedbush reaffirmed a "neutral" rating and set a $55.00 target price on shares of Oracle in a research note on Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. Oracle has a 1-year low of $42.40 and a 1-year high of $60.50.
Business software maker Oracle Corp reported better-than-expected rise in quarterly adjusted revenue and profit as the company benefits from its transition to cloud-based products. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67. The stock now has a consensus rating of "Hold" and a consensus target price of $56.76. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The stock has a market cap of $185.20 billion, a P/E ratio of 17.81, a PEG ratio of 1.68 and a beta of 1.16.
The company declared a quarterly cash dividend of 24 cents a share, which will be payable on January 23 to stockholders of record as of the close of business on January 9. The stock now has a consensus rating of "Hold" and an average target price of $56.76.
Hedge funds have recently modified their holdings of the business.
Those highlights aside, analyst Charles King of Pund-IT Inc. told SiliconANGLE that beating on earnings while missing on revenue is never a happy situation, and that it followed a weaker-than-expected performance in the previous quarter too. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued. Renaissance Technologies LLC raised its holdings in Oracle by 2,952.4% during the second quarter. Oracle's dividend payout ratio (DPR) is now 30.38%.
Oracle is not expecting to appoint a new co-CEO following the passing of Mark Hurd, founder Larry Ellison has confirmed. Insiders own 36.60% of the company's stock. (VMW) to permit customers to run VMware services on Oracle cloud infrastructure.