Oracle Corp. (NYSE:ORCL)‘s stock had its “underperform” rating reissued by equities researchers at JMP Securities in a report released on Friday. They presently have a $31.00 target price on the enterprise software provider’s stock. JMP Securities’ target price indicates a potential downside of 21.54% 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 report on Friday, June 10th. Zacks Investment Research cut shares of Oracle Corp. from a “buy” rating to a “hold” rating in a report 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 on the stock in a report on Tuesday, September 6th. DA Davidson reiterated a “buy” rating and issued a $52.00 price target on shares of Oracle Corp. in a report on Saturday, September 17th. Finally, Cowen and Company began coverage on shares of Oracle Corp. in a report on Thursday, June 23rd. They issued an “outperform” rating and a $46.00 price target on the stock. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.89.
Oracle Corp. (NYSE:ORCL) traded down 0.721% during mid-day trading on Friday, hitting $39.225. 7,988,582 shares of the stock traded hands. The firm has a market cap of $161.04 billion, a P/E ratio of 18.634 and a beta of 1.08. The firm’s 50-day moving average is $40.80 and its 200 day moving average is $40.34. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.
Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the 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 firm earned $8.60 billion during the quarter. During the same quarter last year, the company earned $0.53 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Oracle Corp. will post $2.64 EPS for the current fiscal year.
The firm also recently declared 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 yield of 1.52%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total value of $156,675.00. Following the completion of the transaction, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was 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 of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CrestPoint Capital Management LLC boosted its position in shares of Oracle Corp. by 54.0% in the first quarter. CrestPoint Capital Management LLC now owns 43,900 shares of the enterprise software provider’s stock valued at $1,796,000 after buying an additional 15,400 shares during the last quarter. Iberiabank Corp boosted its position in shares of Oracle Corp. by 15.2% in the first quarter. Iberiabank Corp now owns 20,028 shares of the enterprise software provider’s stock valued at $819,000 after buying an additional 2,641 shares during the last quarter. Mission Wealth Management LLC boosted its position in shares of Oracle Corp. by 20.7% in the first quarter. Mission Wealth Management LLC now owns 9,192 shares of the enterprise software provider’s stock valued at $376,000 after buying an additional 1,579 shares during the last quarter. Perkins Coie Trust Co boosted its position in shares of Oracle Corp. by 0.3% in the first quarter. Perkins Coie Trust Co now owns 59,484 shares of the enterprise software provider’s stock valued at $2,433,000 after buying an additional 157 shares during the last quarter. Finally, Culbertson A N & Co. Inc. purchased a new position in shares of Oracle Corp. during the first quarter valued at about $4,501,000. Hedge funds and other institutional investors 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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