Oracle Corp. (NYSE:ORCL)‘s stock had its “neutral” rating reaffirmed by equities researchers at Wedbush in a report released on Monday. They currently have a $41.00 price objective on the enterprise software provider’s stock. Wedbush’s price objective indicates a potential upside of 4.33% from the company’s previous close.
Several other equities analysts have also recently commented on the company. Nomura restated a “buy” rating and set a $44.00 target price on shares of Oracle Corp. in a research report on Thursday, June 9th. Goldman Sachs Group Inc. restated a “buy” rating and set a $48.00 target price on shares of Oracle Corp. in a research report on Friday, June 10th. Barclays PLC restated a “buy” rating and set a $48.00 target price on shares of Oracle Corp. in a research report on Monday, June 13th. Jefferies Group restated a “buy” rating and set a $50.00 target price on shares of Oracle Corp. in a research report on Monday, June 13th. Finally, Evercore ISI upgraded Oracle Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.71.
Oracle Corp. (NYSE:ORCL) opened at 39.30 on Monday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The stock’s 50 day moving average price is $40.64 and its 200-day moving average price is $40.38. The company has a market capitalization of $161.35 billion, a P/E ratio of 18.67 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company had revenue of $8.60 billion for the quarter. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.53%. Oracle Corp.’s dividend payout ratio is currently 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on 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 owns 8,281 shares in the company, valued at $332,564.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction that occurred on 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 owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. 28.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Williams Jones & Associates LLC raised 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 valued at $6,659,000 after buying an additional 157,692 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Oracle Corp. during the second quarter valued at about $5,144,000. Kentucky Retirement Systems acquired a new position in shares of Oracle Corp. during the second quarter valued at about $10,833,000. Mason Street Advisors LLC acquired a new position in shares of Oracle Corp. during the second quarter valued at about $17,159,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Oracle Corp. during the second quarter valued at about $1,002,000. Institutional investors and hedge funds own 58.00% 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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