Oracle Corporation (NYSE:ORCL) had its target price hoisted by analysts at Jefferies Group LLC from $60.00 to $61.00 in a research note issued to investors on Friday, MarketBeat reports. The firm currently has a “buy” rating on the enterprise software provider’s stock. Jefferies Group LLC’s price target indicates a potential upside of 25.15% from the stock’s current price.

Several other analysts have also recently issued reports on ORCL. UBS AG restated a “buy” rating and set a $52.00 price objective (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Vetr cut Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective on the stock. in a research note on Tuesday. J P Morgan Chase & Co set a $55.00 price objective on Oracle Corporation and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada upped their price objective on Oracle Corporation from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BidaskClub upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have assigned a buy rating to the company’s stock. Oracle Corporation currently has a consensus rating of “Buy” and an average target price of $52.39.

Oracle Corporation (ORCL) traded down 7.67% on Friday, hitting $48.74. The stock had a trading volume of 66,332,390 shares. The firm has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The company’s 50 day moving average is $50.01 and its 200 day moving average is $46.93.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total value of $183,225.00. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $885,587.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold 1,813,750 shares of company stock worth $91,393,788 over the last three months. Company insiders own 29.00% of the company’s stock.

Several large investors have recently modified their holdings of ORCL. Barometer Capital Management Inc. acquired a new stake in shares of Oracle Corporation in the first quarter valued at about $10,568,000. Nisa Investment Advisors LLC grew its position in shares of Oracle Corporation by 4.3% in the first quarter. Nisa Investment Advisors LLC now owns 1,134,253 shares of the enterprise software provider’s stock valued at $50,596,000 after purchasing an additional 46,840 shares during the last quarter. Quantitative Systematic Strategies LLC grew its position in shares of Oracle Corporation by 213.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 54,353 shares of the enterprise software provider’s stock valued at $2,425,000 after purchasing an additional 37,001 shares during the last quarter. Granite Investment Advisors LLC grew its position in shares of Oracle Corporation by 13.4% in the first quarter. Granite Investment Advisors LLC now owns 211,323 shares of the enterprise software provider’s stock valued at $9,427,000 after purchasing an additional 24,999 shares during the last quarter. Finally, Quotient Investors LLC grew its position in shares of Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock valued at $1,865,000 after purchasing an additional 30,300 shares during the last quarter. 58.67% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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