Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reissued by investment analysts at Mitsubishi UFJ Financial Group in a report released on Friday. They presently have a $63.00 price objective on the enterprise software provider’s stock. Mitsubishi UFJ Financial Group’s target price would suggest a potential upside of 29.26% from the stock’s previous close.

Several other equities analysts have also recently commented on ORCL. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research report on Friday, May 19th. Zacks Investment Research cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $49.00 price target on shares of Oracle Corporation in a research report on Friday, May 26th. OTR Global raised shares of Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. Oracle Corporation has a consensus rating of “Buy” and a consensus price target of $52.39.

Oracle Corporation (ORCL) traded down 7.67% during mid-day trading on Friday, hitting $48.74. The stock had a trading volume of 65,702,335 shares. The stock has a market cap of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The company has a 50 day moving average price of $50.01 and a 200 day moving average price of $46.93.

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

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In other news, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the sale, the executive vice president now directly owns 177,988 shares in the company, valued at approximately $9,146,803.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 200,000 shares of Oracle Corporation stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $50.94, for a total transaction of $10,188,000.00. Following the sale, the executive vice president now owns 130,977 shares in the company, valued at $6,671,968.38. The disclosure for this sale can be found here. Insiders sold a total of 1,813,750 shares of company stock worth $91,393,788 over the last 90 days. Company insiders own 29.00% of the company’s stock.

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

About Oracle Corporation

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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