Oracle Corp. (NYSE:ORCL) had its price target cut by Stifel Nicolaus from $48.00 to $45.00 in a research note published on Friday. They currently have a buy rating on the enterprise software provider’s stock.
Several other equities research analysts have also recently commented on the company. Vetr raised Oracle Corp. from a buy rating to a strong-buy rating and set a $45.46 price target for the company in a report on Monday, September 12th. Barclays PLC reaffirmed a buy rating on shares of Oracle Corp. in a report on Monday, September 12th. Zacks Investment Research cut Oracle Corp. from a hold rating to a sell rating in a research note on Tuesday, September 6th. Bank of America Corp. reissued a buy rating and set a $48.00 target price on shares of Oracle Corp. in a research note on Thursday, September 22nd. Finally, Atlantic Securities cut Oracle Corp. from an overweight rating to a neutral rating and cut their target price for the stock from $48.00 to $44.00 in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $44.71.
Oracle Corp. (NYSE:ORCL) opened at 39.44 on Friday. The company’s 50-day moving average price is $40.59 and its 200-day moving average price is $40.38. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The stock has a market cap of $161.92 billion, a PE ratio of 18.74 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company earned $8.60 billion during the quarter. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.52%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the transaction, the executive vice president now directly owns 25,000 shares in the company, valued at approximately $990,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at $345,980.18. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ORCL. Williams Jones & Associates LLC increased its position in shares of Oracle Corp. by 3,148.2% in the second quarter. Williams Jones & Associates LLC now owns 162,701 shares of the enterprise software provider’s stock valued at $6,659,000 after buying an additional 157,692 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Oracle Corp. during the second quarter valued at $5,144,000. Kentucky Retirement Systems acquired a new position in shares of Oracle Corp. during the second quarter valued at $10,833,000. Mason Street Advisors LLC acquired a new position in shares of Oracle Corp. during the second quarter valued at $17,159,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Oracle Corp. during the second quarter valued at $1,002,000. Institutional investors own 58.00% of the company’s stock.
Oracle Corp. 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.
Receive News & Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related companies with MarketBeat.com's FREE daily email newsletter.