Argus Reiterates “Buy” Rating for Oracle (NYSE:ORCL)

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Argus reaffirmed their buy rating on shares of Oracle (NYSE:ORCL) in a report issued on Friday, 24/7 WallStreet reports.

Several other equities analysts have also weighed in on ORCL. Macquarie lowered shares of Oracle from an outperform rating to a neutral rating and cut their target price for the company from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call. KeyCorp reaffirmed a hold rating on shares of Oracle in a report on Thursday, June 20th. Credit Suisse Group set a $62.00 target price on shares of Oracle and gave the company a buy rating in a report on Thursday. Sanford C. Bernstein set a $66.00 target price on shares of Oracle and gave the company a buy rating in a report on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of Oracle from $61.00 to $66.00 and gave the company a buy rating in a report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Oracle presently has an average rating of Hold and an average target price of $55.88.

ORCL opened at $53.75 on Friday. Oracle has a 12-month low of $42.40 and a 12-month high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $179.77 billion, a PE ratio of 17.01, a P/E/G ratio of 1.57 and a beta of 1.18. The firm has a 50 day moving average of $54.06 and a two-hundred day moving average of $54.46.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Oracle had a net margin of 27.71% and a return on equity of 45.61%. The company had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the firm posted $0.71 EPS. Oracle’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts predict that Oracle will post 3.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. Oracle’s dividend payout ratio is currently 30.38%.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of Oracle stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the sale, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at approximately $53,807,509. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO W Corey West sold 50,000 shares of Oracle stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the sale, the chief accounting officer now directly owns 85,348 shares in the company, valued at approximately $4,800,825. The disclosure for this sale can be found here. Insiders sold a total of 2,140,000 shares of company stock worth $117,501,425 in the last three months. 32.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ORCL. Horan Capital Advisors LLC. acquired a new stake in Oracle during the 1st quarter worth $83,000. First Personal Financial Services boosted its stake in Oracle by 0.9% during the 1st quarter. First Personal Financial Services now owns 90,022 shares of the enterprise software provider’s stock worth $4,835,000 after purchasing an additional 846 shares during the last quarter. Howland Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth $218,000. Stony Point Wealth Management Inc. acquired a new position in shares of Oracle during the 1st quarter valued at about $228,000. Finally, Investors Research Corp acquired a new position in shares of Oracle during the 1st quarter valued at about $30,000. 53.05% of the stock is currently owned by institutional investors.

About Oracle

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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Analyst Recommendations for Oracle (NYSE:ORCL)

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