RBC Capital Markets reissued their outperform rating on shares of Oracle Corp. (NYSE:ORCL) in a research report released on Saturday. RBC Capital Markets currently has a $43.00 price target on the enterprise software provider’s stock, up from their previous price target of $42.00.
Several other research firms also recently issued reports on ORCL. Sanford C. Bernstein restated an outperform rating and set a $51.00 target price on shares of Oracle Corp. in a research report on Friday, July 15th. Macquarie restated an outperform rating on shares of Oracle Corp. in a research report on Tuesday, July 19th. Atlantic Securities downgraded Oracle Corp. from an overweight rating to a neutral rating and dropped their target price for the stock from $48.00 to $44.00 in a research report on Tuesday, July 19th. BTIG Research increased their target price on Oracle Corp. from $44.00 to $47.00 and gave the stock a buy rating in a research report on Thursday, July 14th. Finally, Vetr downgraded Oracle Corp. from a buy rating to a hold rating and set a $41.24 target price on the stock. in a research report on Monday, August 15th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. Oracle Corp. has a consensus rating of Buy and a consensus target price of $44.76.
Shares of Oracle Corp. (NYSE:ORCL) opened at 39.28 on Friday. The company’s 50 day moving average price is $40.48 and its 200 day moving average price is $40.37. The firm has a market cap of $161.27 billion, a P/E ratio of 18.66 and a beta of 1.08. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data 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 firm earned $8.60 billion during the quarter. During the same quarter last year, the firm posted $0.53 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Corp. will post $2.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is currently 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at approximately $332,564.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of ORCL. Camarda Financial Advisors LLC increased its stake in 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 acquired a new stake in Oracle Corp. during the second quarter worth $102,000. WESPAC Advisors SoCal LLC increased its stake in 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 increased its stake in 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 increased its stake in 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. Hedge funds and other 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.
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