Oracle Corp. (NYSE:ORCL) has been assigned a $46.00 price objective by research analysts at Cowen and Company in a research report issued on Tuesday. The firm presently has a a “buy” rating on the enterprise software provider’s stock. Cowen and Company’s price target would indicate a potential upside of 20.20% from the stock’s previous close.
Several other research firms have also recently weighed in on ORCL. Royal Bank Of Canada increased their price target on shares of Oracle Corp. from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, September 30th. Vetr cut shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price target on the stock. in a report on Wednesday, September 7th. DA Davidson reissued a “neutral” rating and issued a $109.00 price target on shares of Oracle Corp. in a report on Wednesday, October 12th. Morgan Stanley reissued a “hold” rating and issued a $41.00 price target on shares of Oracle Corp. in a report on Friday, September 16th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $51.00 price target on shares of Oracle Corp. in a report on Thursday, September 15th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.26.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.379% on Tuesday, hitting $38.415. The stock had a trading volume of 6,290,491 shares. The company has a 50 day moving average of $39.20 and a 200-day moving average of $40.11. The firm has a market capitalization of $157.72 billion, a P/E ratio of 18.249 and a beta of 1.23. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities analysts predict that Oracle Corp. will post $2.63 EPS for the current fiscal 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 paid a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. Oracle Corp.’s payout ratio is 28.57%.
In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares in the company, valued at approximately $990,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were 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 owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in ORCL. NN Investment Partners Holdings N.V. purchased a new stake in Oracle Corp. during the first quarter worth $14,968,000. Columbia Partners L L C Investment Management raised its stake in Oracle Corp. by 5.3% in the first quarter. Columbia Partners L L C Investment Management now owns 277,510 shares of the enterprise software provider’s stock worth $11,352,000 after buying an additional 13,920 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Oracle Corp. by 4.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 126,477 shares of the enterprise software provider’s stock worth $5,174,000 after buying an additional 5,376 shares in the last quarter. Bristlecone Advisors LLC raised its stake in Oracle Corp. by 0.7% in the first quarter. Bristlecone Advisors LLC now owns 43,799 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 285 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Oracle Corp. by 1.8% in the first quarter. Franklin Resources Inc. now owns 24,814,184 shares of the enterprise software provider’s stock worth $1,015,154,000 after buying an additional 448,586 shares in the last quarter. Institutional investors and hedge funds own 58.22% of the company’s stock.
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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