Oracle raises dividend as cloud growth accelerates

In the liquidity ratio analysis; quick ratio for most recent quarter was 3.90 while current ratio for time period was 4.00. The price to earnings growth ration calculated as 2.43. The RSI oscillates between zero and 100. It represents a security’s price that, if achieved, results in a trader recognizing the best possible outcome for his investment. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. The stock had climbed less than 1 percent to $43.05 at the close in NY. Wedbush reaffirmed a “neutral” rating and set a $42.00 price target on shares of Oracle in a research note on Monday. ORCL has an average price target of $46.45, which is a further upside of 7.9%.

In its last earnings release, Oracle issued less optimistic projections than it normally does and the company’s earnings and revenue growth have faced downward pressure from a strong U.S. dollar. Institutional investors own 57.95% of the company’s stock.

On the cloud front, Catz said Oracle expects SaaS and PaaS revenues to rise 69 percent to 73 percent.

American software and cloud services provider Oracle has today reported its third quarter earnings, where it has managed to beat all Wall Street expectations. However a year ago for the same quarter the company has reported $0.64 earnings per share. It is the “top line” or “gross income” figure from which costs are subtracted to determine net income. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.62 for the ORCL while maintaining high price target of 52 and average of 44.94, as declared by WSJ. Current quarter revenue movements show that, the company has set average revenue estimates of $9.26B covering forecast of 30 analysts.

The software maker posted revenue of $9.21 billion in the period. With the last close up 7.83% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range.

A moving average can help cut down the amount of “noise” on a price chart.

Let’s also take a brief look at the stock price in relation to some highs/lows and moving averages. The firm has price to earnings growth of 2.43, which is a valuation metric for determining relative trade-off among price of a stock.

The stock as of last trading session moved 13.63% up from its 52 week low and was -1.57% behind its 52 week high. During the call, the company’s expected to offer its financial outlook for this quarter. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.00 on scale of 1-5. Buy rating has been given by 1 analysts to the company stock and 12 analysts given HOLD rating.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in Oracle Corporation (ORCL) stock has proven to be much more bearish. Moreover, Rosenblatt issued Initiated rating for the stock on 8-Aug-16. The total market capitalization remained at $177.48 billion. Based on the strong quarterly results, Oracle increased its dividend by 27 percent to Dollars 0.19 per share.