Oracle Corp. (ORCL) Stock Rating Lowered by Vetr Inc.

Oracle Corp. (NYSE:ORCL) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They presently have a $40.61 target price on the enterprise software provider’s stock. Vetr‘s target price suggests a potential upside of 2.94% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Rowe lowered their target price on Oracle Corp. from $109.00 to $9.30 in a research note on Tuesday, November 8th. Rosenblatt Securities assumed coverage on Oracle Corp. in a research note on Monday, August 8th. They set a “buy” rating and a $48.00 price objective for the company. DA Davidson assumed coverage on Oracle Corp. in a research note on Monday, August 8th. They set a “buy” rating for the company. BTIG Research reiterated a “buy” rating and set a $47.00 price objective on shares of Oracle Corp. in a research note on Monday, August 22nd. Finally, Zacks Investment Research upgraded Oracle Corp. from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, August 17th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.25.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

Oracle Corp. (NYSE:ORCL) opened at 39.45 on Thursday. The company has a market cap of $161.96 billion, a P/E ratio of 18.74 and a beta of 1.19. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The firm has a 50-day moving average price of $38.66 and a 200-day moving average price of $39.90.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate 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 22.10%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Equities research analysts anticipate that Oracle Corp. will post $2.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.52%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.

In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $38.42, for a total value of $144,075.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at $318,156.02. The disclosure for this sale can be found here. 29.00% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Point View Wealth Management Inc. increased its stake in shares of Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock valued at $285,000 after buying an additional 37 shares in the last quarter. Alpha Windward LLC increased its stake in shares of Oracle Corp. by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock valued at $197,000 after buying an additional 44 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of Oracle Corp. by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock valued at $244,000 after buying an additional 55 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock valued at $305,000 after buying an additional 62 shares in the last quarter. Finally, Bollard Group LLC increased its stake in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares in the last quarter. 58.29% of the stock is currently 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.

5 Day Chart for NYSE:ORCL

To view Vetr’s full report, visit Vetr’s official website.

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