Oracle Corporation (ORCL) Downgraded by Vetr Inc. to “Hold”

Oracle Corporation (NYSE:ORCL) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $51.74 target price on the enterprise software provider’s stock. Vetr‘s price objective would indicate a potential upside of 1.69% from the company’s previous close.

ORCL has been the subject of several other research reports. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Oracle Corporation in a research report on Sunday, August 27th. BidaskClub raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, ValuEngine raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.50.

Oracle Corporation (NYSE:ORCL) opened at 50.88 on Monday. The company has a 50 day moving average price of $49.27 and a 200 day moving average price of $48.01. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The firm has a market cap of $212.32 billion, a PE ratio of 22.13 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.

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In other Oracle Corporation news, EVP Dorian Daley sold 25,776 shares of Oracle Corporation stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the sale, the executive vice president now directly owns 30,977 shares in the company, valued at approximately $1,488,444.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at $885,587.50. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock worth $14,822,112 over the last quarter. Company insiders own 29.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Keel Point LLC increased its stake in shares of Oracle Corporation by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after purchasing an additional 14 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Oracle Corporation by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after purchasing an additional 19 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of Oracle Corporation by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after purchasing an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Oracle Corporation by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares during the last quarter. Finally, Partnervest Advisory Services LLC increased its stake in shares of Oracle Corporation by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 57.94% of the company’s stock.

About Oracle Corporation

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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