Wedbush reaffirmed their neutral rating on shares of Oracle Corp. (NYSE:ORCL) in a report published on Monday morning. They currently have a $41.00 target price on the enterprise software provider’s stock.
ORCL has been the subject of several other reports. Cowen and Company set a $46.00 price objective on Oracle Corp. and gave the stock a buy rating in a research report on Friday, September 16th. BTIG Research reiterated a buy rating and issued a $44.00 price objective on shares of Oracle Corp. in a research report on Friday, June 17th. Vetr lowered Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price objective for the company. in a research report on Wednesday, September 7th. DA Davidson initiated coverage on Oracle Corp. in a research report on Monday, August 8th. They issued a buy rating for the company. Finally, Morgan Stanley reiterated a hold rating and issued a $41.00 price objective on shares of Oracle Corp. in a research report on Friday, September 16th. 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 company. The company currently has an average rating of Buy and a consensus price target of $44.71.
Oracle Corp. (NYSE:ORCL) opened at 39.12 on Monday. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The stock has a 50 day moving average price of $40.54 and a 200 day moving average price of $40.37. The company has a market capitalization of $160.61 billion, a price-to-earnings ratio of 18.58 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 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In other news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now owns 119,645 shares in the company, valued at approximately $4,925,784.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at approximately $345,980.18. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Camarda Financial Advisors LLC raised its stake in shares of Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 215 shares during the period. Cribstone Capital Management LLC bought a new stake in shares of Oracle Corp. during the second quarter worth about $102,000. WESPAC Advisors SoCal LLC raised its stake in shares of Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock worth $119,000 after buying an additional 500 shares during the period. FCM Investments TX raised its stake in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares during the period. Institutional investors and hedge funds 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.
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