Nomura Downgrades Oracle (ORCL) to Neutral

Nomura downgraded shares of Oracle (NYSE:ORCL) from a buy rating to a neutral rating in a research report report published on Tuesday morning.

ORCL has been the subject of a number of other research reports. Morgan Stanley reaffirmed a buy rating on shares of Oracle in a research note on Sunday, March 18th. Oppenheimer reaffirmed a hold rating on shares of Oracle in a research note on Friday, December 15th. Zacks Investment Research lowered Oracle from a hold rating to a sell rating in a research note on Tuesday, December 19th. Instinet assumed coverage on Oracle in a research note on Wednesday, January 24th. They issued a buy rating and a $51.12 price target for the company. Finally, Bank of America lowered Oracle from a buy rating to a neutral rating in a research note on Tuesday. Fifteen research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Oracle has an average rating of Buy and an average price target of $56.11.

How to Become a New Pot Stock Millionaire

Oracle (NYSE:ORCL) opened at $44.79 on Tuesday. The company has a quick ratio of 5.04, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. Oracle has a fifty-two week low of $43.60 and a fifty-two week high of $53.48. The stock has a market cap of $194,644.09, a P/E ratio of 54.62, a PEG ratio of 1.78 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the business earned $0.69 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. research analysts forecast that Oracle will post 2.7 EPS for the current fiscal year.

Oracle declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $901,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total value of $2,310,300.00. Following the completion of the sale, the director now owns 62,498 shares of the company’s stock, valued at $3,208,647.32. The disclosure for this sale can be found here. Insiders have sold 1,856,250 shares of company stock valued at $93,571,688 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. bought a new stake in shares of Oracle during the 2nd quarter valued at about $336,000. Sequoia Financial Advisors LLC grew its stake in shares of Oracle by 13.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,745 shares of the enterprise software provider’s stock valued at $5,152,000 after purchasing an additional 12,147 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Oracle by 0.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 138,733 shares of the enterprise software provider’s stock valued at $6,956,000 after purchasing an additional 1,252 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Oracle by 7.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 170,840 shares of the enterprise software provider’s stock valued at $8,566,000 after purchasing an additional 11,244 shares during the period. Finally, Cedar Capital LLC grew its stake in shares of Oracle by 18.6% during the 2nd quarter. Cedar Capital LLC now owns 10,365 shares of the enterprise software provider’s stock valued at $520,000 after purchasing an additional 1,624 shares during the period. Institutional investors own 57.93% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Nomura Downgrades Oracle (ORCL) to Neutral” was posted by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3295647/nomura-downgrades-oracle-orcl-to-neutral.html.

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)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Champion International Paper  Set to Announce Earnings on Thursday
Champion International Paper Set to Announce Earnings on Thursday
Starbucks  Scheduled to Post Quarterly Earnings on Thursday
Starbucks Scheduled to Post Quarterly Earnings on Thursday
Valley National Bank  Set to Announce Earnings on Thursday
Valley National Bank Set to Announce Earnings on Thursday
Piper Jaffray Comments on SRC Energy’s Q1 2018 Earnings
Piper Jaffray Comments on SRC Energy’s Q1 2018 Earnings
Brokers Issue Forecasts for BioTelemetry Inc’s Q1 2018 Earnings
Brokers Issue Forecasts for BioTelemetry Inc’s Q1 2018 Earnings
Total S.A.  Forecasted to Earn Q1 2018 Earnings of $1.05 Per Share
Total S.A. Forecasted to Earn Q1 2018 Earnings of $1.05 Per Share


© 2006-2018 Ticker Report. Google+.