Oracle Co. (ORCL) Receives $54.02 Average PT from Analysts

Shares of Oracle Co. (NYSE:ORCL) have been given an average rating of “Hold” by the thirty-three analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $54.02.

ORCL has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Oracle from $48.00 to $51.00 and gave the company a “positive” rating in a report on Thursday, August 9th. Societe Generale set a $50.00 price objective on Oracle and gave the company a “neutral” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Barclays upped their price objective on Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, September 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Oracle in a report on Wednesday, September 12th.

In other news, EVP Dorian Daley sold 131,696 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the transaction, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $47.26, for a total value of $177,225.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,321,814.94. The disclosure for this sale can be found here. Insiders have sold 142,946 shares of company stock valued at $7,257,365 over the last ninety days. 32.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of ORCL. Truvestments Capital LLC bought a new stake in Oracle during the third quarter worth about $107,000. WESPAC Advisors SoCal LLC bought a new stake in Oracle during the third quarter worth about $119,000. ELM Advisors LLC bought a new stake in Oracle during the third quarter worth about $122,000. Kiley Juergens Wealth Management LLC raised its holdings in Oracle by 70.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. bought a new stake in Oracle during the third quarter worth about $141,000. 50.97% of the stock is owned by institutional investors.

NYSE ORCL traded up $1.07 on Monday, reaching $49.83. The company had a trading volume of 21,952,549 shares, compared to its average volume of 17,523,785. The company has a market capitalization of $201.85 billion, a PE ratio of 17.67, a P/E/G ratio of 1.64 and a beta of 1.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle has a 52 week low of $42.57 and a 52 week high of $53.48.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. As a group, sell-side analysts predict that Oracle will post 3.06 earnings per share for the current fiscal year.

Oracle declared that its board has authorized a stock repurchase program on Monday, September 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Analyst Recommendations for Oracle (NYSE:ORCL)

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