Oracle Corp.’s (ORCL) Neutral Rating Reaffirmed at DA Davidson
Oracle Corp. (NYSE:ORCL)‘s stock had its “neutral” rating restated by stock analysts at DA Davidson in a research note issued on Wednesday. They presently have a $109.00 price target on the enterprise software provider’s stock. DA Davidson’s target price suggests a potential upside of 186.47% from the company’s previous close.
Several other equities analysts have also commented on ORCL. Citigroup Inc. restated a “hold” rating on shares of Oracle Corp. in a research note on Saturday, June 18th. SunTrust Banks Inc. set a $48.00 price target on Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Rosenblatt Securities set a $48.00 price target on Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Morgan Stanley restated an “equal weight” rating and set a $41.00 price target on shares of Oracle Corp. in a research note on Wednesday, June 15th. Finally, Zacks Investment Research upgraded 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, sixteen have issued a hold rating and twenty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.26.
Oracle Corp. (NYSE:ORCL) traded up 0.11% during trading on Wednesday, reaching $38.05. 8,926,032 shares of the company’s stock traded hands. The company has a 50 day moving average of $39.98 and a 200 day moving average of $40.27. The firm has a market cap of $156.22 billion, a price-to-earnings ratio of 18.08 and a beta of 1.23. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.
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Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the 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 business had revenue of $8.60 billion for the quarter. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. Oracle Corp.’s dividend payout ratio is presently 28.57%.
In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. 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 transaction, the executive vice president now directly owns 25,000 shares in the company, valued at approximately $990,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at $332,564.96. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ORCL. Old Mutual Global Investors UK Ltd. increased its position in shares of Oracle Corp. by 5,147.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,122,744 shares of the enterprise software provider’s stock valued at $45,953,000 after buying an additional 1,101,346 shares during the period. Check Capital Management Inc. CA increased its position in shares of Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock valued at $29,229,000 after buying an additional 12,676 shares during the period. DAVENPORT & Co LLC increased its position in shares of Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock valued at $34,898,000 after buying an additional 64,091 shares during the period. Swedbank increased its position in shares of Oracle Corp. by 3.5% in the second quarter. Swedbank now owns 4,722,847 shares of the enterprise software provider’s stock valued at $193,306,000 after buying an additional 158,359 shares during the period. Finally, National Pension Service increased its position in shares of Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock valued at $72,217,000 after buying an additional 71,804 shares during the period. Institutional investors own 58.24% of the company’s stock.
About Oracle Corp.
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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