Oracle (NYSE:ORCL) released its quarterly earnings data on Thursday. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02, Morningstar.com reports. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Oracle updated its Q4 guidance to $1.05-1.09 EPS.
NYSE ORCL opened at $51.56 on Friday. The firm has a market capitalization of $218.57 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle has a 12-month low of $42.40 and a 12-month high of $53.47. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80.
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 price objective on shares of Oracle in a research note on Wednesday. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets downgraded shares of Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 target price for the company. in a research note on Friday. UBS Group raised their target price on shares of Oracle to $54.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wedbush restated a “neutral” rating and issued a $52.00 target price (up from $49.00) on shares of Oracle in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.64.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in shares of Oracle by 0.6% during the fourth quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after purchasing an additional 238,058 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Oracle by 1.6% in the third quarter. Loomis Sayles & Co. L P now owns 39,519,223 shares of the enterprise software provider’s stock valued at $2,037,611,000 after buying an additional 625,051 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock valued at $1,396,803,000 after buying an additional 148,974 shares in the last quarter. Franklin Resources Inc. increased its holdings in Oracle by 13.1% in the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after buying an additional 3,393,152 shares in the last quarter. Finally, Norges Bank purchased a new position in Oracle in the fourth quarter valued at $1,235,719,000. 46.80% of the stock is owned by institutional investors and hedge funds.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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