Oracle Corporation (ORCL) Receives “Buy” Rating from BTIG Research

BTIG Research reissued their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a research report report published on Tuesday morning. The brokerage currently has a $58.00 target price on the enterprise software provider’s stock.

Several other brokerages also recently commented on ORCL. Rosenblatt Securities reaffirmed a buy rating and set a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Vetr downgraded shares of Oracle Corporation from a sell rating to a strong sell rating and set a $46.58 target price for the company. in a report on Tuesday, September 12th. Sanford C. Bernstein reaffirmed an outperform rating and set a $54.00 target price on shares of Oracle Corporation in a report on Tuesday, June 13th. Moffett Nathanson started coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They set a buy rating and a $65.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the stock a buy rating in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $53.33.

Shares of Oracle Corporation (ORCL) opened at 48.16 on Tuesday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company has a 50 day moving average price of $49.85 and a 200-day moving average price of $47.11. The firm has a market capitalization of $199.22 billion, a PE ratio of 21.79 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. Equities research analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.

In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,712,500 shares of company stock worth $86,140,450. 29.00% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its stake in shares of Oracle Corporation by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its stake in shares of Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of Oracle Corporation by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after buying an additional 947 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in shares of Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. 58.64% of the stock is currently owned by hedge funds and other institutional investors.

About Oracle Corporation

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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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