Other research analysts also recently issued reports about the company. Citigroup Inc. reissued a hold rating on shares of Oracle Corp. in a report on Saturday, June 18th. SunTrust Banks Inc. set a $48.00 price target on Oracle Corp. and gave the company a buy rating in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price target on Oracle Corp. and gave the company a buy rating in a report on Saturday, September 17th. Canaccord Genuity reissued a buy rating and issued a $45.00 price target on shares of Oracle Corp. in a report on Friday, June 17th. Finally, Jefferies Group reissued a buy rating and issued a $50.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $44.76.
Oracle Corp. (NYSE:ORCL) opened at 38.01 on Tuesday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The stock has a market capitalization of $156.05 billion, a P/E ratio of 18.06 and a beta of 1.23. The firm’s 50-day moving average is $39.98 and its 200-day moving average is $40.27.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company earned $8.60 billion during the quarter. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a $0.15 dividend. 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 1.58%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
In other news, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in ORCL. Perkins Coie Trust Co increased its stake in shares of Oracle Corp. by 1.6% in the third quarter. Perkins Coie Trust Co now owns 57,829 shares of the enterprise software provider’s stock worth $2,271,000 after buying an additional 904 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in Oracle Corp. by 2.3% in the third quarter. Carroll Financial Associates Inc. now owns 17,217 shares of the enterprise software provider’s stock worth $676,000 after buying an additional 380 shares during the period. Raymond James Trust N.A. increased its stake in Oracle Corp. by 7.7% in the third quarter. Raymond James Trust N.A. now owns 97,172 shares of the enterprise software provider’s stock worth $3,817,000 after buying an additional 6,968 shares during the period. Dynamic Advisors Solutions LLC purchased a new stake in Oracle Corp. during the third quarter worth about $430,000. Finally, Gillespie Robinson & Grimm Inc. increased its stake in Oracle Corp. by 1.9% in the third quarter. Gillespie Robinson & Grimm Inc. now owns 501,414 shares of the enterprise software provider’s stock worth $19,365,000 after buying an additional 9,550 shares during the period. 58.24% of the stock is owned by institutional investors and hedge funds.
Oracle Corp. 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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