Vetr upgraded shares of Oracle Corporation (NYSE:ORCL) from a buy rating to a strong-buy rating in a report issued on Monday. They currently have $55.49 price target on the enterprise software provider’s stock.
Several other analysts have also recently commented on ORCL. KeyCorp restated a buy rating and issued a $61.00 price target on shares of Oracle Corporation in a report on Tuesday, July 18th. Jefferies Group LLC restated a buy rating and issued a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Stifel Nicolaus restated a buy rating and issued a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. BidaskClub cut Oracle Corporation from a buy rating to a hold rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research cut Oracle Corporation from a buy rating to a hold rating in a report on Thursday, August 17th. Eleven equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $54.95.
Shares of Oracle Corporation (ORCL) opened at $49.20 on Monday. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $205,340.00, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. equities research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Oracle Corporation’s payout ratio is 33.19%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $885,043.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 25,776 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock valued at $14,821,999. Company insiders own 29.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ORCL. First Trust Advisors LP boosted its stake in Oracle Corporation by 17.8% during the first quarter. First Trust Advisors LP now owns 1,893,981 shares of the enterprise software provider’s stock valued at $84,490,000 after buying an additional 286,202 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Oracle Corporation by 8.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 3,136,016 shares of the enterprise software provider’s stock valued at $139,898,000 after buying an additional 252,796 shares in the last quarter. Greatmark Investment Partners Inc. bought a new position in Oracle Corporation during the first quarter valued at about $203,000. FTB Advisors Inc. boosted its stake in Oracle Corporation by 1.8% during the first quarter. FTB Advisors Inc. now owns 17,501 shares of the enterprise software provider’s stock valued at $781,000 after buying an additional 304 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Oracle Corporation by 6.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,525,925 shares of the enterprise software provider’s stock valued at $68,525,000 after purchasing an additional 93,229 shares during the last quarter. 58.05% of the stock is 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.
To view Vetr’s full report, visit Vetr’s official website.
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