Oracle Corp. (NYSE:ORCL)‘s stock had its “outperform” rating reissued by equities research analysts at RBC Capital Markets in a research report issued on Sunday. They presently have a $42.00 price target on the enterprise software provider’s stock. RBC Capital Markets’ target price points to a potential upside of 7.06% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Vetr upgraded Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 target price on the stock in a report on Monday, September 12th. Barclays PLC restated a “buy” rating on shares of Oracle Corp. in a report on Monday, September 12th. Zacks Investment Research downgraded Oracle Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Bank of America Corp. restated a “buy” rating and set a $48.00 price objective on shares of Oracle Corp. in a report on Thursday. Finally, Atlantic Securities downgraded Oracle Corp. from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Oracle Corp. currently has a consensus rating of “Buy” and an average price target of $44.86.
Oracle Corp. (NYSE:ORCL) traded down 0.71% during midday trading on Friday, hitting $39.23. The stock had a trading volume of 14,017,314 shares. The company has a 50-day moving average price of $40.75 and a 200-day moving average price of $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 $161.06 billion, a price-to-earnings ratio of 18.64 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. The company 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 business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts anticipate that Oracle Corp. will post $2.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In related news, EVP John F. Fowler sold 500,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now owns 8,281 shares in the company, valued at $345,980.18. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Check Capital Management Inc. CA raised its stake in Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock worth $29,229,000 after buying an additional 12,676 shares during the period. DAVENPORT & Co LLC raised its stake in Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock worth $34,898,000 after buying an additional 64,091 shares during the period. National Pension Service raised its stake in Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock worth $72,217,000 after buying an additional 71,804 shares during the period. AXA raised its stake in Oracle Corp. by 0.3% in the first quarter. AXA now owns 1,814,706 shares of the enterprise software provider’s stock worth $74,240,000 after buying an additional 4,952 shares during the period. Finally, Factory Mutual Insurance Co. raised its stake in Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 shares during the period. Institutional investors and hedge funds own 58.00% of the company’s stock.
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.
Receive News & Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related companies with MarketBeat.com's FREE daily email newsletter.