Oracle (ORCL) PT Set at $51.00 by Royal Bank of Canada

Royal Bank of Canada set a $51.00 target price on Oracle (NYSE:ORCL) in a report released on Monday morning. The firm currently has a neutral rating on the enterprise software provider’s stock.

ORCL has been the topic of several other reports. UBS set a $55.00 price target on shares of Oracle and gave the company a neutral rating in a research note on Friday, December 15th. Vetr downgraded shares of Oracle from a buy rating to a hold rating and set a $46.58 price target on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of Oracle from a buy rating to a hold rating in a research note on Monday, August 28th. BidaskClub upgraded shares of Oracle from a buy rating to a strong-buy rating in a research note on Friday, October 27th. Finally, ValuEngine upgraded shares of Oracle from a hold rating to a buy rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $55.26.

Oracle (NYSE ORCL) opened at $47.28 on Monday. Oracle has a fifty-two week low of $38.30 and a fifty-two week high of $53.14. The company has a market cap of $197,320.00, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts predict that Oracle will post 2.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.61%. Oracle’s dividend payout ratio is 32.62%.

Oracle declared that its board has approved a share repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 23,297 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the completion of the transaction, the executive vice president now directly owns 54,274 shares of the company’s stock, valued at approximately $2,659,426. The disclosure for this sale can be found here. Insiders sold 178,750 shares of company stock valued at $8,700,738 in the last three months. Company insiders own 29.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in Oracle by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after buying an additional 450,836 shares during the last quarter. Partnervest Advisory Services LLC raised its holdings in Oracle by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. Lockheed Martin Investment Management Co. raised its holdings in Oracle by 125.6% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after buying an additional 92,500 shares during the last quarter. Pinnacle Financial Partners Inc. raised its holdings in Oracle by 8.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after buying an additional 9,328 shares during the last quarter. Finally, LGT Capital Partners LTD. raised its holdings in Oracle by 14.0% in the 2nd quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after buying an additional 76,653 shares during the last quarter. 57.40% of the stock is owned by hedge funds and other institutional investors.

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Oracle 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.

Analyst Recommendations for Oracle (NYSE:ORCL)

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