Cowen and Company reiterated their outperform rating on shares of Oracle Corp. (NYSE:ORCL) in a research note published on Monday morning. The brokerage currently has a $46.00 price target on the enterprise software provider’s stock.
ORCL has been the subject of several other research reports. Goldman Sachs Group Inc. reiterated a buy rating and issued a $48.00 price objective on shares of Oracle Corp. in a research note on Friday, June 10th. Zacks Investment Research lowered shares of Oracle Corp. from a buy rating to a hold rating in a research note on Tuesday, August 23rd. Vetr upgraded shares of Oracle Corp. from a buy rating to a strong-buy rating and set a $46.33 price target for the company in a research note on Tuesday, September 6th. DA Davidson restated a buy rating and set a $52.00 price target on shares of Oracle Corp. in a research note on Saturday, September 17th. Finally, Credit Agricole SA restated a sell rating on shares of Oracle Corp. in a research note on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Oracle Corp. currently has an average rating of Buy and a consensus price target of $44.71.
Oracle Corp. (NYSE:ORCL) opened at 39.12 on Monday. The stock has a 50 day moving average of $40.54 and a 200 day moving average of $40.37. The company has a market capitalization of $160.61 billion, a price-to-earnings ratio of 18.58 and a beta of 1.08. 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 data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Equities analysts anticipate that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.53%. Oracle Corp.’s payout ratio is 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the transaction, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ORCL. Williams Jones & Associates LLC boosted its position in Oracle Corp. by 3,148.2% in the second quarter. Williams Jones & Associates LLC now owns 162,701 shares of the enterprise software provider’s stock worth $6,659,000 after buying an additional 157,692 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Oracle Corp. during the second quarter worth $5,144,000. Kentucky Retirement Systems bought a new position in Oracle Corp. during the second quarter worth $10,833,000. Mason Street Advisors LLC bought a new position in Oracle Corp. during the second quarter worth $17,159,000. Finally, Harbour Capital Advisors LLC bought a new position in Oracle Corp. during the second quarter worth $1,002,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.
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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