Macquarie reaffirmed a "buy" rating and set a $48.00 price target on shares of Oracle in a report on Tuesday. The stock has gained 3.67% in the past month, -3.41% in the previous three months, and -5.25% on an YTD basis. Furthermore on Mar-16-16 the stock was "Reiterated" by UBS as Buy at $45 to $48. International Value Advisers Llc sold 357,607 shares as Oracle Corp (ORCL)'s stock declined 3.87%. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 21.92. The company's 50 day moving average price is $41.75 and its 200-day moving average price is $39.97.
Oracle Corporation (NYSE:ORCL) tinted gains of +6.23% (+2.68 points) to US$45.73. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.07.
It may be true that AWS' footprint and revenue streams are strong at this time, but the cash-rich Oracle could use pricing strategies in an attempt to grab a major portion of the market and unwittingly push lower margins for all players. The firm earned $9.27 billion during the quarter, compared to the consensus estimate of $9.25 billion. For the past 5 years, the company's revenue has grown 3.8%, while the company's earnings per share has grown 7.3%.
In addition, its deferred revenues were standing around $7.4 billion, representing a growth of 7% compared with a year ago period. The stock has earnings growth of 171.00% yoy and showed a low EPS growth of -28.90% over the past five years.
Oracle raised its quarterly dividend 27% to 19 cents a quarter, from 15 cents.
Its CEO said, "On an annualized non-GAAP basis, our total cloud business has reached the $5 billion mark, and our SaaS and PaaS businesses grew at the astonishing rate of 85% in Q3". Oracle's dividend payout ratio (DPR) is now 28.99%.
On Wednesday, February 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $46.61, for a total value of $18,644,000.00. Following the completion of the transaction, the director now owns 8,281 shares of the company's stock, valued at $323,704.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares outstanding are recorded as 4079.29 B and total shares floated are 2977.35 B. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 4.00. Following the sale, the chief executive officer now owns 903,891 shares in the company, valued at approximately $41,976,698.04. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company's stock. It worsened, as 67 investors sold ORCL shares while 585 reduced holdings. Zions Bancorporation boosted its stake in Oracle by 0.9% in the fourth quarter. State Street Corp now owns 122,008,115 shares of the enterprise software provider's stock worth $4,691,214,000 after buying an additional 3,341,689 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Oracle by 4.5% in the third quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider's stock worth $110,000 after buying an additional 107,202 shares during the period. Barrow Hanley Mewhinney & Strauss LLC now owns 38,811,633 shares of the enterprise software provider's stock worth $1,492,308,000 after buying an additional 3,278,258 shares during the last quarter.