Oracle Corp. (NYSE:ORCL) had its target price boosted by equities research analysts at Royal Bank Of Canada from $42.00 to $43.00 in a report issued on Friday. The firm presently has an “outperform” rating on the enterprise software provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.28% from the company’s current price.
ORCL has been the topic of several other reports. 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. Zacks Investment Research lowered shares of Oracle Corp. from a “buy” rating to a “hold” rating in a research 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 target price on the stock in a research report on Tuesday, September 6th. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of Oracle Corp. in a research report on Saturday, September 17th. Finally, Cowen and Company began coverage on shares of Oracle Corp. in a research report on Thursday, June 23rd. They issued an “outperform” rating and a $46.00 price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. Oracle Corp. has an average rating of “Buy” and a consensus target price of $44.76.
Shares of Oracle Corp. (NYSE:ORCL) opened at 38.99 on Friday. The stock has a market cap of $160.08 billion, a price-to-earnings ratio of 18.52 and a beta of 1.23. The firm has a 50-day moving average price of $40.42 and a 200-day moving average price of $40.37. Oracle Corp. has a 12 month low of $33.13 and a 12 month 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 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 company had revenue of $8.60 billion for the quarter. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts expect that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is presently 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 Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ORCL. Old Mutual Global Investors UK Ltd. increased its stake in Oracle Corp. by 5,147.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,122,744 shares of the enterprise software provider’s stock valued at $45,953,000 after buying an additional 1,101,346 shares in the last quarter. Check Capital Management Inc. CA boosted its stake in shares of Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock worth $29,229,000 after buying an additional 12,676 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock worth $34,898,000 after buying an additional 64,091 shares during the last quarter. National Pension Service boosted its stake in shares of Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock worth $72,217,000 after buying an additional 71,804 shares during the last quarter. Finally, AXA boosted its stake in shares of Oracle Corp. by 0.3% in the first quarter. AXA now owns 1,814,706 shares of the enterprise software provider’s stock worth $74,240,000 after buying an additional 4,952 shares during the last quarter. 58.24% 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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