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Company Profile: Redwood City, Calif.-based Oracle develops, manufactures, markets, distributes and services database and middleware software.
In late March,
Oracle raised its quarterly cash dividend by 20% to 6 cents per share
The higher payout will be paid on May 4 to shareholders of record as of the close of business on April 13, bringing Oracle's dividend yield to around 0.7%.
Oracle recently forecast a profit that beat analysts' consensus call. That led analysts from Morgan Stanley to boost their price target on the tech stock by $2 to $39. Likewise, Citigroup analysts raised their price target on Oracle to $34, and reiterated a buy rating. JPMorgan Chase analysts raised their price target on Oracle by $2 to $40, setting an overweight rating on the stock.
On April 15 Oracle announced its intention to move OpenOffice.org to "a purely community-based open source project and to no longer offer a commercial version of Open Office."
"Given the breadth of interest in free personal productivity applications and the rapid evolution of personal computing technologies, we believe the OpenOffice.org project would be best managed by an organization focused on serving that broad constituency on a non-commercial basis," said Edward Screven, Oracle's Chief Corporate Architect. "
On April 28 Oracle announced that healthAlliance New Zealand had selected its hardware and software to accommodate its rapid growth.