Oracle Co. (NYSE:ORCL) – Equities research analysts at Jefferies Financial Group raised their Q2 2019 earnings estimates for shares of Oracle in a report released on Wednesday, June 20th. Jefferies Financial Group analyst J. Difucci now forecasts that the enterprise software provider will post earnings of $0.75 per share for the quarter, up from their previous forecast of $0.71. Jefferies Financial Group also issued estimates for Oracle’s Q4 2019 earnings at $1.00 EPS, Q1 2020 earnings at $0.67 EPS, Q2 2020 earnings at $0.81 EPS, Q3 2020 earnings at $0.85 EPS, Q4 2020 earnings at $1.07 EPS and FY2020 earnings at $3.38 EPS.
A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded Oracle from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $53.00 in a research report on Thursday, June 14th. Wedbush reissued an “outperform” rating and set a $55.00 target price on shares of Oracle in a research report on Tuesday, March 20th. Morgan Stanley reissued a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Zacks Investment Research downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Finally, Barclays lifted their target price on Oracle from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, March 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty have given a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $55.47.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The company had revenue of $11.26 billion for the quarter, compared to the consensus estimate of $11.17 billion. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, July 16th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.
In related news, insider Thomas Kurian sold 137,843 shares of the business’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $46.13, for a total value of $6,358,697.59. Following the completion of the transaction, the insider now owns 160,826 shares in the company, valued at approximately $7,418,903.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $45.94, for a total transaction of $3,445,500.00. The disclosure for this sale can be found here. Insiders sold a total of 2,557,015 shares of company stock valued at $117,457,740 in the last 90 days. 29.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new stake in Oracle during the 1st quarter worth $106,000. Rainier Group Investment Advisory LLC acquired a new stake in Oracle during the 1st quarter worth $106,000. Tarbox Family Office Inc. grew its holdings in Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares during the period. Cerebellum GP LLC acquired a new stake in Oracle during the 4th quarter worth $126,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in Oracle during the 1st quarter worth $130,000. Hedge funds and other institutional investors own 56.24% of the company’s stock.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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