Oracle Corp. (NYSE:ORCL) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They currently have a $42.91 price objective on the enterprise software provider’s stock. Vetr‘s target price indicates a potential upside of 8.80% from the stock’s previous close.
ORCL has been the topic of several other research reports. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $48.00 price target on shares of Oracle Corp. in a research note on Friday, June 10th. Zacks Investment Research cut Oracle Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. DA Davidson reiterated a “buy” rating and issued a $52.00 price target on shares of Oracle Corp. in a research note on Saturday, September 17th. Cowen and Company started coverage on Oracle Corp. in a research note on Thursday, June 23rd. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Credit Agricole SA restated a “sell” rating on shares of Oracle Corp. in a research note on Friday, June 17th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.71.
Shares of Oracle Corp. (NYSE:ORCL) opened at 39.44 on Tuesday. The stock’s 50 day moving average price is $40.59 and its 200 day moving average price is $40.38. The firm has a market cap of $161.92 billion, a price-to-earnings ratio of 18.74 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 results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business earned $8.60 billion during the quarter. During the same quarter last year, the business posted $0.53 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders 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 1.52%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
In other news, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction that occurred on 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 owns 119,645 shares in the company, valued at $4,925,784.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Camarda Financial Advisors LLC raised its stake in shares of Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Oracle Corp. during the second quarter worth $102,000. WESPAC Advisors SoCal LLC raised its stake in shares of Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock worth $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX raised its stake in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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