Other research analysts have also issued research reports about the stock. Citigroup Inc. reiterated a hold rating on shares of Oracle Corp. in a report on Saturday, June 18th. SunTrust Banks Inc. set a $48.00 price target on shares of Oracle Corp. and gave the stock a buy rating in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price target on shares of Oracle Corp. and gave the stock a buy rating in a report on Saturday, September 17th. Canaccord Genuity restated a buy rating and set a $45.00 price target on shares of Oracle Corp. in a report on Friday, June 17th. Finally, Jefferies Group restated a buy rating and set a $50.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $46.26.
Shares of Oracle Corp. (NYSE:ORCL) opened at 38.03 on Tuesday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The company has a market cap of $156.13 billion, a price-to-earnings ratio of 18.07 and a beta of 1.23. The stock has a 50 day moving average of $39.79 and a 200-day moving average of $40.24.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The business earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. On average, analysts forecast that Oracle Corp. will post $2.63 EPS for the current year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.58%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the transaction, the director now directly owns 8,281 shares in the company, valued at $332,564.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Sanders Morris Harris Inc. acquired a new stake in Oracle Corp. during the first quarter valued at approximately $880,000. Sii Investments Inc. WI boosted its stake in Oracle Corp. by 1.4% in the first quarter. Sii Investments Inc. WI now owns 93,847 shares of the enterprise software provider’s stock valued at $3,841,000 after buying an additional 1,340 shares during the period. Investment Centers of America Inc. boosted its stake in Oracle Corp. by 6.8% in the first quarter. Investment Centers of America Inc. now owns 13,241 shares of the enterprise software provider’s stock valued at $540,000 after buying an additional 839 shares during the period. Glenmede Trust Co. NA boosted its stake in Oracle Corp. by 102.3% in the first quarter. Glenmede Trust Co. NA now owns 3,611,064 shares of the enterprise software provider’s stock valued at $147,727,000 after buying an additional 1,826,039 shares during the period. Finally, RKL Wealth Management LLC acquired a new stake in Oracle Corp. during the first quarter valued at approximately $699,000. Hedge funds and other institutional investors own 58.24% of the company’s stock.
About Oracle Corp.
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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