Shares of Oracle Corporation (NYSE:ORCL) have been given a consensus rating of “Buy” by the forty-four brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $46.40.

ORCL has been the subject of several recent analyst reports. Jefferies Group LLC lifted their target price on shares of Oracle Corporation to $52.00 in a report on Thursday, March 16th. Cowen and Company lifted their target price on shares of Oracle Corporation to $48.00 in a report on Thursday, March 16th. Wedbush lifted their target price on shares of Oracle Corporation to $43.00 in a report on Thursday, March 16th. Bank of America Corporation lifted their target price on shares of Oracle Corporation to $54.00 in a report on Thursday, March 16th. Finally, TheStreet raised shares of Oracle Corporation from a “c+” rating to a “b” rating in a report on Tuesday, February 28th.

Oracle Corporation (NYSE ORCL) traded up 1.031% during midday trading on Monday, hitting $45.555. 4,782,861 shares of the stock traded hands. The stock’s 50-day moving average price is $45.14 and its 200-day moving average price is $42.53. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $46.99. The stock has a market capitalization of $187.44 billion, a P/E ratio of 21.549 and a beta of 1.13. Oracle Corporation also saw some unusual options trading activity on Friday. Stock investors purchased 1,776 put options on the company. This is an increase of 177% compared to the typical volume of 641 put options.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $45.25, for a total value of $169,687.50. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $374,715.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Safra Catz sold 3,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $44.99, for a total value of $134,970,000.00. Following the completion of the sale, the chief executive officer now owns 3,461,860 shares of the company’s stock, valued at approximately $155,749,081.40. The disclosure for this sale can be found here. Insiders sold 5,699,341 shares of company stock valued at $256,328,074 over the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Radnor Capital Management LLC purchased a new stake in shares of Oracle Corporation during the fourth quarter worth $211,000. JNBA Financial Advisors boosted its stake in Oracle Corporation by 19.6% in the fourth quarter. JNBA Financial Advisors now owns 10,304 shares of the enterprise software provider’s stock valued at $396,000 after buying an additional 1,687 shares during the period. Harfst & Associates Inc. boosted its stake in Oracle Corporation by 45.9% in the fourth quarter. Harfst & Associates Inc. now owns 7,725 shares of the enterprise software provider’s stock valued at $297,000 after buying an additional 2,431 shares during the period. Johnson Financial Group Inc. boosted its stake in Oracle Corporation by 8.3% in the fourth quarter. Johnson Financial Group Inc. now owns 46,523 shares of the enterprise software provider’s stock valued at $1,789,000 after buying an additional 3,546 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in Oracle Corporation by 13.1% in the fourth quarter. Cadence Capital Management LLC now owns 26,520 shares of the enterprise software provider’s stock valued at $1,020,000 after buying an additional 3,078 shares during the period. Institutional investors own 58.53% of the company’s stock.

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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.

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