William Blair Reaffirms “Market Perform” Rating for Oracle (ORCL)

William Blair reaffirmed their market perform rating on shares of Oracle (NYSE:ORCL) in a research report report published on Tuesday. William Blair also issued estimates for Oracle’s Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $2.81 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $3.04 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.79 EPS, Q3 2020 earnings at $0.81 EPS and FY2020 earnings at $3.29 EPS.

Other analysts have also recently issued reports about the stock. Wedbush reissued a buy rating and set a $58.00 price objective on shares of Oracle in a research note on Friday, December 15th. Goldman Sachs set a $58.00 price objective on shares of Oracle and gave the company a buy rating in a research note on Friday, December 15th. Canaccord Genuity lowered their price objective on shares of Oracle from $57.00 to $53.00 and set a buy rating for the company in a research note on Friday, December 15th. Jefferies Group set a $61.00 price objective on shares of Oracle and gave the company a buy rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. set a $55.00 price objective on shares of Oracle and gave the company a buy rating in a research note on Tuesday, December 12th. Fifteen research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Oracle has a consensus rating of Buy and a consensus price target of $56.11.

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Shares of Oracle (ORCL) opened at $44.79 on Tuesday. Oracle has a 12 month low of $43.60 and a 12 month high of $53.48. The stock has a market cap of $194,644.09, a price-to-earnings ratio of 54.62, a PEG ratio of 1.78 and a beta of 1.05. The company has a current ratio of 4.33, a quick ratio of 5.04 and a debt-to-equity ratio of 1.16.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the company earned $0.69 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. sell-side analysts predict that Oracle will post 2.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.70%. Oracle’s dividend payout ratio (DPR) is presently 92.68%.

Oracle announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. 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 Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total transaction of $186,450.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $901,175. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,856,250 shares of company stock worth $93,571,688. Company insiders own 29.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategy Asset Managers LLC raised its stake in Oracle by 22.3% during the third quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock worth $12,443,000 after acquiring an additional 46,866 shares during the period. BT Investment Management Ltd acquired a new stake in Oracle during the second quarter worth about $459,738,000. CIBC World Markets Inc. raised its stake in Oracle by 51.3% during the second quarter. CIBC World Markets Inc. now owns 231,515 shares of the enterprise software provider’s stock worth $11,608,000 after acquiring an additional 78,482 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Oracle by 7.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 170,840 shares of the enterprise software provider’s stock worth $8,566,000 after acquiring an additional 11,244 shares during the period. Finally, Polen Capital Management LLC raised its stake in Oracle by 7.3% during the second quarter. Polen Capital Management LLC now owns 12,620,261 shares of the enterprise software provider’s stock worth $632,780,000 after acquiring an additional 854,240 shares during the period. Hedge funds and other institutional investors own 57.93% of the company’s stock.

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About Oracle

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.

Analyst Recommendations for Oracle (NYSE:ORCL)

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