Oracle (NYSE:ORCL) Stock Price Down 1.2% – Should You Sell?

Oracle Co. (NYSE:ORCL) fell 1.2% during trading on Tuesday . The stock traded as low as $174.28 and last traded at $174.95. 3,068,817 shares were traded during trading, a decline of 68% from the average session volume of 9,486,523 shares. The stock had previously closed at $177.15.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORCL. Mizuho decreased their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Bank of America dropped their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Westpark Capital assumed coverage on Oracle in a report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price objective on the stock. Finally, KeyCorp reissued an “overweight” rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $177.35.

Oracle Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock’s fifty day moving average is $147.83 and its 200-day moving average is $160.13. The stock has a market cap of $495.12 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 3.46 and a beta of 1.32.

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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company earned $1.41 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by insiders.

Institutional Trading of Oracle

Several institutional investors and hedge funds have recently bought and sold shares of ORCL. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. Warther Private Wealth LLC grew its stake in Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after buying an additional 63 shares during the last quarter. Howard Bailey Securities LLC lifted its position in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after acquiring an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC boosted its holdings in shares of Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after acquiring an additional 64 shares during the period. Finally, Cape ANN Savings Bank grew its position in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

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.