Vetr Upgrades Oracle (ORCL) to Strong-Buy

Oracle (NYSE:ORCL) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday, November 13th. The brokerage presently has a $55.49 price objective on the enterprise software provider’s stock. Vetr‘s target price indicates a potential upside of 11.85% from the stock’s previous close.

A number of other brokerages also recently commented on ORCL. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price target on shares of Oracle in a report on Monday, September 11th. Canaccord Genuity initiated coverage on shares of Oracle in a report on Friday, October 6th. They issued a “buy” rating and a $57.00 price target for the company. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price target on shares of Oracle in a report on Tuesday, September 19th. Moffett Nathanson initiated coverage on shares of Oracle in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price target for the company. Finally, BidaskClub raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Eleven research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.85.

Shares of Oracle (NYSE:ORCL) traded up $0.55 during trading on Monday, hitting $49.61. The stock had a trading volume of 15,891,429 shares, compared to its average volume of 11,277,111. The stock has a market capitalization of $204,751.22, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle has a 52-week low of $37.64 and a 52-week high of $53.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts forecast that Oracle will post 2.68 earnings per share for the current fiscal year.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 76,703 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,821,999 over the last quarter. Insiders own 29.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Acrospire Investment Management LLC raised its position in shares of Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors raised its position in shares of Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. IHT Wealth Management LLC raised its position in shares of Oracle by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares during the period. Baystate Wealth Management LLC raised its position in shares of Oracle by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares during the period. Institutional investors own 57.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was posted by BBNS and is owned by of BBNS. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/oracle-corporation-orcl-upgraded-by-vetr-inc-to-strong-buy/1780717.html.

Oracle 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees
Free Agency Season Has Finally Heated Up
Free Agency Season Has Finally Heated Up


Leave a Reply

 
© 2006-2017 BBNS.