Oracle Corporation (NYSE: ORCL) stock fell -3.17% on Tuesday to $98.54 against a previous-day closing price of $101.77. With 10.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.34 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $101.43 whereas the lowest price it dropped to was $98.46. The 52-week range on ORCL shows that it touched its highest point at $103.10 and its lowest point at $60.78 during that stretch. It currently has a 1-year price target of $97.13. With its current market cap of 264.75 billion, ORCL has annualized dividend of $1.60 while the current yield stands at 1.62%. Beta for the stock currently stands at 0.98.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ORCL was up-trending over the past week, with a rise of 0.30%, but this was up by 3.25% over a month. Three-month performance surged to 14.16% while six-month performance rose 23.59%. The stock gained 43.58% in the past year, while it has gained 20.55% so far this year. A look at the trailing 12-month EPS for ORCL yields 3.04 with Next year EPS estimates of 5.58. For the next quarter, that number is 1.58. This implies an EPS growth rate of -47.00% for this year and 10.74% for next year. EPS is expected to grow by 9.06% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.50%.
Float and Shares Shorts:
At present, 2.70 billion ORCL shares are outstanding with a float of 1.54 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 14.58 million, which was 0.54% higher than short shares on Mar 30, 2023. In addition to Mr. Lawrence J. Ellison as the firm’s Co-Founder, Chairman & CTO, Ms. Safra Ada Catz serves as its CEO & Director.
Through their ownership of 43.57% of ORCL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 42.84% of ORCL, in contrast to 22.59% held by mutual funds. Shares owned by individuals account for 21.42%. As the largest shareholder in ORCL with 4.88% of the stake, The Vanguard Group, Inc. holds 131,808,548 shares worth 131,808,548. A second-largest stockholder of ORCL, BlackRock Fund Advisors, holds 78,183,356 shares, controlling over 2.90% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in ORCL, holding 61,016,282 shares or 2.26% stake. With a 1.70% stake in ORCL, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 45,911,402 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 1.33% of ORCL stock, is the second-largest Mutual Fund holder. It holds 35,880,301 shares valued at 3.4 billion. Fidelity 500 Index Fund holds 0.63% of the stake in ORCL, owning 17,005,959 shares worth 1.61 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Feb 27, 2023, ORCL reported revenue of $11.84B and operating income of $4.61B. The EBITDA in the recently reported quarter was $5.26B and diluted EPS was $1.16.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ORCL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ORCL analysts setting a high price target of $125.00 and a low target of $75.00, the average target price over the next 12 months is $99.82. Based on these targets, ORCL could surge 26.85% to reach the target high and fall by -23.89% to reach the target low. Reaching the average price target will result in a growth of 1.3% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ORCL stock several times over the past three months with 6 Buys and 8 Sells. In these transactions, 5,060,127 shares were bought while 5,059,445 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 43 over the past year. The total number of shares bought during that period was 18,991,835 while 11,733,302 shares were sold.