Oracle Co. (NYSE:ORCL) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $47.09 price objective on the enterprise software provider’s stock. Vetr‘s target price points to a potential upside of 4.11% from the company’s current price.

ORCL has been the topic of several other research reports. Bank of America Corp reissued a “buy” rating and issued a $42.58 target price (down previously from $48.00) on shares of Oracle in a research note on Tuesday, March 14th. Royal Bank of Canada increased their target price on Oracle from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, March 13th. Macquarie reissued a “buy” rating and issued a $48.00 target price on shares of Oracle in a research note on Tuesday, March 14th. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $52.00 target price on shares of Oracle in a research note on Friday, December 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.81.

Analyst Recommendations for Oracle (NYSE:ORCL)

Shares of Oracle (NYSE:ORCL) traded down 0.94% during midday trading on Monday, hitting $45.23. The company had a trading volume of 21,452,575 shares. Oracle has a 12-month low of $37.62 and a 12-month high of $46.99. The firm has a market capitalization of $185.55 billion, a P/E ratio of 21.59 and a beta of 1.14. The firm’s 50-day moving average is $41.91 and its 200-day moving average is $40.00.

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Oracle (NYSE:ORCL) last released its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Oracle will post $2.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 annualized dividend and a yield of 1.68%. Oracle’s payout ratio is 28.99%.

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In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $39.09, for a total value of $146,587.50. Following the completion of the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $323,704.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total value of $1,742,400.00. Following the completion of the transaction, the director now directly owns 52,654 shares of the company’s stock, valued at $2,038,762.88. The disclosure for this sale can be found here. Insiders sold a total of 1,188,000 shares of company stock valued at $54,809,425 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC bought a new position in shares of Oracle during the second quarter valued at $102,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Oracle 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 valued at $110,000 after buying an additional 107,202 shares in the last quarter. FCM Investments TX boosted its position in shares of Oracle by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Oracle by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock valued at $128,000 after buying an additional 1,283 shares in the last quarter. 57.95% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:ORCL

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

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