Oracle (ORCL) Lifted to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of Oracle (NYSE:ORCL) from an equal weight rating to an overweight rating in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has $47.71 price objective on the enterprise software provider’s stock, up from their prior price objective of $46.63.

A number of other equities research analysts have also recently weighed in on ORCL. Drexel Hamilton restated a buy rating and issued a $62.00 price target on shares of Oracle in a report on Tuesday. Zacks Investment Research cut Oracle from a hold rating to a sell rating in a report on Tuesday, December 19th. BTIG Research restated a buy rating and issued a $58.00 price target on shares of Oracle in a report on Tuesday, September 19th. ValuEngine upgraded Oracle from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Stifel Nicolaus restated a buy rating and issued a $53.00 price target (up previously from $52.00) on shares of Oracle in a report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Oracle presently has an average rating of Buy and a consensus price target of $55.28.

Oracle (NYSE ORCL) opened at $48.47 on Wednesday. The stock has a market capitalization of $202,290.00, a P/E ratio of 20.80, a PEG ratio of 1.82 and a beta of 1.05. Oracle has a one year low of $38.38 and a one year high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. research analysts anticipate that Oracle will post 2.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 32.62%.

Oracle declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders sold a total of 111,250 shares of company stock worth $5,306,238 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its position in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors raised its position in Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. Wealthcare Advisory Partners LLC raised its position in Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the period. State of Alaska Department of Revenue purchased a new position in Oracle in the second quarter valued at about $129,000. Finally, ETF Managers Group LLC purchased a new position in Oracle in the second quarter valued at about $133,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

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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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