Oracle Corporation (NYSE:ORCL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Oracle is benefiting from significant momentum in the SaaS and PaaS offerings. This has also helped in improving the company's competitive position against salesforce.com and Workday. We believe the company’s growing cloud market share will continue to drive top-line growth for the foreseeable future. The stock has outperformed the industry on a year-to-date basis driven by these factors. We believe the company’s growing cloud market share will continue to drive top-line growth for the foreseeable future. Moreover, Oracle continues to win new customers in HCM, ERP and CX. Meanwhile, estimates have been stable lately ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, higher investments on IaaS will affect gross margin expansion in the near-term. Further, a strong U.S. dollar remains a headwind.”

Other analysts also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Benchmark Co. initiated coverage on shares of Oracle Corporation in a research report on Thursday, April 27th. They issued a “buy” rating and a $55.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and issued a $49.00 price target on shares of Oracle Corporation in a research report on Friday, May 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a research report on Friday, May 19th. Finally, Vetr upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $50.70.

Oracle Corporation (NYSE ORCL) traded down 0.73% on Thursday, hitting $48.89. 3,476,782 shares of the company’s stock were exchanged. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company’s 50-day moving average price is $49.94 and its 200-day moving average price is $45.63. The company has a market cap of $202.24 billion, a PE ratio of 22.12 and a beta of 1.06. Oracle Corporation also was the target of unusually large options trading activity on Tuesday. Stock investors acquired 19,908 call options on the stock. This represents an increase of approximately 103% compared to the average daily volume of 9,799 call options.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $807,831.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the transaction, the chief executive officer now owns 553,891 shares in the company, valued at $27,561,616.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock worth $91,560,925. Insiders own 29.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in Oracle Corporation by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors raised its position in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. IHT Wealth Management LLC raised its position in Oracle Corporation by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after buying an additional 947 shares during the last quarter. Baystate Wealth Management LLC raised its position in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in 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 valued at $112,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 58.79% of the company’s stock.

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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