Oracle Corporation’s (ORCL) Buy Rating Reaffirmed at BTIG Research

BTIG Research reiterated their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a research report sent to investors on Thursday. The brokerage currently has a $47.00 price target on the enterprise software provider’s stock.

Several other brokerages have also issued reports on ORCL. Goldman Sachs Group, Inc. (The) restated a buy rating and set a $56.00 price target (up previously from $49.00) on shares of Oracle Corporation in a research note on Thursday. Canaccord Genuity lowered shares of Oracle Corporation to a buy rating and raised their price target for the stock from $49.00 to $56.00 in a research note on Thursday. BMO Capital Markets lifted their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank Of Canada lifted their price objective on shares of Oracle Corporation from $47.00 to $53.00 and gave the company an outperform rating in a research note on Thursday. Finally, Deutsche Bank AG lifted their price objective on shares of Oracle Corporation from $44.00 to $48.00 and gave the company a hold rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $49.58.

Oracle Corporation (NYSE:ORCL) traded up 2.2813% during trading on Thursday, hitting $51.4475. The stock had a trading volume of 23,554,931 shares. The firm has a 50 day moving average price of $45.18 and a 200-day moving average price of $42.67. The firm has a market capitalization of $211.69 billion, a PE ratio of 24.3366 and a beta of 1.13. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.84.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 21.43%. The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter last year, the business posted $0.81 EPS. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Oracle Corporation will post $2.92 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

In related news, EVP John F. Fowler sold 250,000 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $44.66, for a total transaction of $11,165,000.00. Following the transaction, the executive vice president now owns 269,645 shares in the company, valued at $12,042,345.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 46,767 shares of the stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $45.01, for a total transaction of $2,104,982.67. Following the transaction, the chief executive officer now owns 508,627 shares in the company, valued at approximately $22,893,301.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,155,618 shares of company stock worth $51,862,829. 29.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ORCL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Oracle Corporation by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 107,202 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in shares of Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted 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 worth $112,000 after buying an additional 2,300 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

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.

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