Oracle Corp. (ORCL) Given a $52.00 Price Target at DA Davidson
Oracle Corp. (NYSE:ORCL) received a $52.00 price target from DA Davidson in a report released on Tuesday. The brokerage presently has a a “buy” rating on the enterprise software provider’s stock. DA Davidson’s target price points to a potential upside of 34.65% from the stock’s previous close.
A number of other analysts also recently commented on ORCL. Citigroup Inc. reissued a “hold” rating on shares of Oracle Corp. in a research note on Saturday, June 18th. SunTrust Banks Inc. set a $48.00 price objective on Oracle Corp. and gave the stock a “buy” rating in a research note on Saturday, September 17th. Rosenblatt Securities set a $48.00 price objective on Oracle Corp. and gave the stock a “buy” rating in a research note on Saturday, September 17th. Morgan Stanley reissued an “equal weight” rating and issued a $41.00 price objective on shares of Oracle Corp. in a research note on Wednesday, June 15th. Finally, Zacks Investment Research raised Oracle Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.76.
Shares of Oracle Corp. (NYSE:ORCL) traded down 2.02% during mid-day trading on Tuesday, reaching $37.84. The company’s stock had a trading volume of 8,829,687 shares. The firm’s 50 day moving average is $40.07 and its 200-day moving average is $40.29. The company has a market capitalization of $155.35 billion, a PE ratio of 17.98 and a beta of 1.23. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.
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Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same quarter in the previous year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts forecast that Oracle Corp. will post $2.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Oracle Corp.’s payout ratio is presently 28.57%.
In related news, EVP John F. Fowler sold 500,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 16,065 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the sale, the executive vice president now owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Gillespie Robinson & Grimm Inc. raised its stake in Oracle Corp. by 1.9% in the third quarter. Gillespie Robinson & Grimm Inc. now owns 501,414 shares of the enterprise software provider’s stock worth $19,365,000 after buying an additional 9,550 shares during the period. Fisher Asset Management LLC raised its stake in Oracle Corp. by 0.7% in the third quarter. Fisher Asset Management LLC now owns 11,524,071 shares of the enterprise software provider’s stock worth $452,666,000 after buying an additional 85,508 shares during the period. Hills Bank & Trust Co. raised its stake in Oracle Corp. by 6.9% in the third quarter. Hills Bank & Trust Co. now owns 21,118 shares of the enterprise software provider’s stock worth $830,000 after buying an additional 1,360 shares during the period. Capital Asset Advisory Services LLC raised its stake in Oracle Corp. by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock worth $244,000 after buying an additional 55 shares during the period. Finally, Advisory Services Network LLC raised its stake in Oracle Corp. by 2.6% in the third quarter. Advisory Services Network LLC now owns 18,936 shares of the enterprise software provider’s stock worth $744,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 58.24% of the company’s stock.
Oracle Corp. 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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