Oracle Co. (NYSE:ORCL) – Research analysts at Jefferies Group increased their FY2018 EPS estimates for shares of Oracle in a research note issued on Tuesday. Jefferies Group analyst J. Difucci now anticipates that the enterprise software provider will earn $2.81 per share for the year, up from their previous estimate of $2.65. Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for Oracle’s Q4 2018 earnings at $0.86 EPS, Q2 2019 earnings at $0.71 EPS and FY2019 earnings at $3.01 EPS.
Oracle (NYSE:ORCL) last released its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis.
Shares of Oracle (NYSE:ORCL) opened at $44.79 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 5.04. Oracle has a 12-month low of $43.60 and a 12-month high of $53.48. The stock has a market cap of $189,966.33, a P/E ratio of 54.62, a P/E/G ratio of 1.70 and a beta of 1.05.
Oracle announced that its board has authorized a stock repurchase plan on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication 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. Investors 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%.
In related news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the sale, the executive vice president now owns 37,576 shares in the company, valued at $1,953,952. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,856,250 shares of company stock valued at $93,571,688. Insiders own 29.00% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Clearbridge Investments LLC increased its stake in Oracle by 148.9% during the fourth quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock valued at $745,124,000 after purchasing an additional 9,429,236 shares during the last quarter. BT Investment Management Ltd bought a new stake in Oracle during the second quarter valued at $459,738,000. Harris Associates L P increased its stake in Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after purchasing an additional 7,427,501 shares during the last quarter. FMR LLC increased its stake in Oracle by 24.8% during the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after purchasing an additional 6,577,297 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Oracle by 50.2% during the fourth quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock valued at $761,766,000 after purchasing an additional 5,387,078 shares during the last quarter. Institutional investors and hedge funds own 57.93% of the company’s stock.
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Oracle 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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