According to Zacks, “Oracle is in the middle of a business transition from on-premise licensing to cloud-based business model, which will be accretive to long term growth. However, it is a drag on the financials at present. Adding to that, Oracle seems to have hit a bad patch as far as litigation is concerned. The renewed fight over Android with Google will remain an overhang on the stock. In fact, we note that Oracle has underperformed the broader market in the last one-year. Nevertheless, the ongoing momentum at SaaS and PaaS provides signficant growth opportunity. The introduction of Generation2 IaaS data centers are expected to improve Oracle’s competitive prowess against Amazon Web Services and will drive market share going ahead. Moreover, the comany's decision to fine commercial users of Java SE augurs well for topline growth in the future. “
Several other research analysts also recently weighed in on ORCL. Cowen and Company set a $46.00 target price on shares of Oracle Corporation and gave the stock a buy rating in a report on Tuesday, October 25th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $52.00 target price on shares of Oracle Corporation in a report on Friday, December 16th. Wunderlich reaffirmed a hold rating and issued a $43.00 target price on shares of Oracle Corporation in a report on Friday, December 16th. Jefferies Group LLC reaffirmed a buy rating and issued a $51.00 target price on shares of Oracle Corporation in a report on Friday, December 9th. Finally, Mitsubishi UFJ Financial Group reaffirmed an overweight rating on shares of Oracle Corporation in a report on Wednesday, January 4th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Oracle Corporation currently has a consensus rating of Buy and an average price target of $44.19.
Oracle Corporation (NYSE:ORCL) opened at 41.10 on Wednesday. The stock’s 50 day moving average price is $39.59 and its 200-day moving average price is $39.72. The firm has a market cap of $168.61 billion, a PE ratio of 19.62 and a beta of 1.14. Oracle Corporation has a 12-month low of $35.77 and a 12-month high of $42.00.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Oracle Corporation had a net margin of 23.69% and a return on equity of 21.33%. The firm earned $9.07 billion during the quarter. During the same period in the previous year, the firm earned $0.63 EPS. The company’s revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post $2.56 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, January 3rd. Oracle Corporation’s dividend payout ratio (DPR) is presently 28.99%.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $40.85, for a total transaction of $153,187.50. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $338,278.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the sale, the director now directly owns 52,654 shares in the company, valued at $2,038,762.88. The disclosure for this sale can be found here. Insiders have sold 52,500 shares of company stock worth $2,042,175 over the last ninety days. 29.00% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its stake in Oracle Corporation 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 during the period. Penserra Capital Management LLC increased its stake in Oracle Corporation by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares during the period. Clean Yield Group increased its stake in Oracle Corporation by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock worth $129,000 after buying an additional 99 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in Oracle Corporation by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock worth $142,000 after buying an additional 99 shares during the period. Finally, Valley National Advisers Inc. increased its stake in Oracle Corporation by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 105 shares during the period. 57.95% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation 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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