BidaskClub upgraded shares of Oracle Corporation (NYSE:ORCL) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.
A number of other research analysts also recently commented on ORCL. Stifel Nicolaus reissued a buy rating on shares of Oracle Corporation in a report on Sunday, October 22nd. Vetr downgraded Oracle Corporation from a buy rating to a hold rating and set a $51.74 target price on the stock. in a report on Tuesday, October 24th. Drexel Hamilton reaffirmed a buy rating and set a $62.00 target price on shares of Oracle Corporation in a report on Monday, October 2nd. Zacks Investment Research downgraded Oracle Corporation from a buy rating to a hold rating in a report on Thursday, August 17th. Finally, BTIG Research reaffirmed a buy rating and set a $58.00 target price on shares of Oracle Corporation in a report on Tuesday, September 19th. Two research 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 given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $53.50.
Shares of Oracle Corporation (NYSE:ORCL) traded down 0.737% during midday trading on Friday, hitting $50.505. The stock had a trading volume of 739,632 shares. The company has a market cap of $210.76 billion, a P/E ratio of 21.968 and a beta of 1.05. The stock has a 50 day moving average of $49.27 and a 200-day moving average of $48.01. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. Analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. Oracle Corporation’s payout ratio is presently 33.19%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of Oracle Corporation stock in a transaction dated Thursday, September 21st. The stock was 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 $1,488,444.85. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,822,112 over the last quarter. 29.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Westpac Banking Corp grew its position in Oracle Corporation by 19.0% during the third quarter. Westpac Banking Corp now owns 670,335 shares of the enterprise software provider’s stock worth $32,411,000 after buying an additional 107,214 shares in the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC grew its position in Oracle Corporation by 0.9% during the third quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 166,004 shares of the enterprise software provider’s stock worth $8,026,000 after buying an additional 1,550 shares in the last quarter. Gillespie Robinson & Grimm Inc. grew its position in Oracle Corporation by 2.3% during the third quarter. Gillespie Robinson & Grimm Inc. now owns 577,645 shares of the enterprise software provider’s stock worth $27,929,000 after buying an additional 12,955 shares in the last quarter. Heritage Investors Management Corp grew its position in Oracle Corporation by 32.5% during the third quarter. Heritage Investors Management Corp now owns 11,898 shares of the enterprise software provider’s stock worth $575,000 after buying an additional 2,920 shares in the last quarter. Finally, Bollard Group LLC grew its position in Oracle Corporation by 9.2% during the third quarter. Bollard Group LLC now owns 24,861 shares of the enterprise software provider’s stock worth $1,202,000 after buying an additional 2,089 shares in the last quarter. 57.95% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation Company Profile
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.
What are top analysts saying about Oracle Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oracle Corporation and related companies.