Oracle Corp. (NYSE:ORCL) has a beta value of 0.99 and has seen 12.17 million shares traded in the last trading session. The company, currently valued at $351.26B, closed the last trade at $127.80 per share which meant it gained $2.26 on the day or 1.80% during that session. The ORCL stock price is -1.23% off its 52-week high price of $129.37 and 35.77% above the 52-week low of $82.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.68 million shares traded. The 3-month trading volume is 8.99 million shares.

Oracle Corp. (NYSE:ORCL) trade information

Sporting 1.80% in the green in last session, the stock has traded in the green over the last five days, when the ORCL stock price touched $127.80 or saw a rise of 1.21%. Year-to-date, Oracle Corp. shares have moved 21.22%, while the 5-day performance has seen it change 11.98%. Over the past 30 days, the shares of Oracle Corp. (NYSE:ORCL) have changed 13.32%. Short interest in the company has seen 14.37 million shares shorted with days to cover at 1.94.

Oracle Corp. (ORCL) estimates and forecasts

Figures show that Oracle Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 12.19% over the past 6 months, with this year growth rate of 8.98%, compared to 13.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -9.60% and 1.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2.20%.

21 analysts offering their estimates for the company have set an average revenue estimate of $13.36 billion for the current quarter. 17 have an estimated revenue figure of $12.28 billion for the next quarter concluding in Aug 2024.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 29.43% over the past 5 years. Earnings growth for 2024 is a modest 9.16% while over the next 5 years, the company’s earnings are expected to increase by 11.06%.

ORCL Dividends

Oracle Corp. is expected to release its next earnings report between June 10 and June 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.60 at a share yield of 1.25%. The company’s dividend yield has gone up over the past 12 months.

Oracle Corp. (NYSE:ORCL)’s Major holders

Insiders own 41.96% of the company shares, while shares held by institutions stand at 43.94% with a share float percentage of 75.72%. Investors are also buoyed by the number of investors in a company, with Oracle Corp. having a total of 3,357 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 139.39 million shares worth more than $16.6 billion. As of Jun 29, 2023, Vanguard Group Inc held 5.09% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 120.63 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $14.37 billion and represent 4.40% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 1.69% shares in the company for having 46.3 million shares of worth $5.51 billion while later fund manager owns 36.64 million shares of worth $4.36 billion as of Jun 29, 2023, which makes it owner of about 1.34% of company’s outstanding stock.