Oracle Corp. (NYSE:ORCL) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other equities analysts have also recently weighed in on the stock. Cowen and Company reissued an “outperform” rating and issued a $46.00 price objective on shares of Oracle Corp. in a research report on Friday. Wedbush reaffirmed a “neutral” rating and set a $41.00 price target on shares of Oracle Corp. in a research report on Friday. Morgan Stanley reaffirmed a “hold” rating and set a $41.00 price target on shares of Oracle Corp. in a research report on Friday. RBC Capital Markets reaffirmed an “outperform” rating and set a $42.00 price target (down previously from $43.00) on shares of Oracle Corp. in a research report on Friday. Finally, Nomura increased their price target on shares of Oracle Corp. from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.96.
Oracle Corp. (NYSE:ORCL) opened at 38.92 on Thursday. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The firm has a market cap of $160.46 billion, a PE ratio of 18.80 and a beta of 1.08. The firm’s 50-day moving average price is $41.07 and its 200 day moving average price is $40.28.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. Oracle Corp.’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities analysts anticipate that Oracle Corp. will post $2.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio is presently 28.57%.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was 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 of the company’s stock, valued at $332,564.96. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Williams Jones & Associates LLC increased its position in shares of 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 in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Oracle Corp. during the second quarter worth $5,144,000. Kentucky Retirement Systems bought a new position in shares of Oracle Corp. during the second quarter worth $10,833,000. Mason Street Advisors LLC bought a new position in shares of Oracle Corp. during the second quarter worth $17,159,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Oracle Corp. during the second quarter worth $1,002,000. 58.00% of the stock is owned by 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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