Oracle Corp. (NYSE:ORCL) has been given a consensus recommendation of “Buy” by the forty-five ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, twenty-four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $45.19.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Oracle Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Argus restated a “hold” rating on shares of Oracle Corp. in a report on Monday. Barclays PLC restated an “overweight” rating and set a $48.00 target price on shares of Oracle Corp. in a report on Monday. Credit Agricole SA restated an “underperform” rating and set a $42.00 target price on shares of Oracle Corp. in a report on Monday. Finally, Societe Generale set a $46.00 target price on Oracle Corp. and gave the company a “buy” rating in a report on Monday.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $332,564.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John F. Fowler sold 500,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the transaction, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BLB&B Advisors LLC increased its stake in shares of Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock valued at $397,000 after buying an additional 28 shares during the period. Point View Wealth Management Inc. increased its stake in shares of Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock valued at $285,000 after buying an additional 37 shares during the period. Enterprise Financial Services Corp increased its stake in shares of Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock valued at $305,000 after buying an additional 62 shares during the period. Bollard Group LLC increased its stake in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares during the period. Finally, Lourd Capital LLC increased its stake in shares of Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock valued at $321,000 after buying an additional 92 shares during the period. Institutional investors own 58.00% of the company’s stock.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. The firm’s 50-day moving average price is $40.83 and its 200-day moving average price is $40.35. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The company has a market cap of $162.74 billion, a P/E ratio of 18.77 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Analysts expect that Oracle Corp. will post $2.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Oracle Corp.’s dividend payout ratio is 28.57%.
About Oracle Corp.
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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