Oracle Corporation (NYSE:ORCL) received a $55.00 price target from research analysts at J P Morgan Chase & Co in a research note issued to investors on Friday. The firm currently has a “buy” rating on the enterprise software provider’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 4.05% from the company’s current price.

Several other brokerages also recently commented on ORCL. Wedbush reiterated an “outperform” rating and set a $58.00 price target on shares of Oracle Corporation in a report on Friday. UBS AG reiterated a “buy” rating and set a $57.00 price target (up from $52.00) on shares of Oracle Corporation in a report on Friday. Drexel Hamilton reiterated a “buy” rating and set a $62.00 price target on shares of Oracle Corporation in a report on Thursday. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a report on Monday. Two 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. Oracle Corporation presently has a consensus rating of “Buy” and an average target price of $52.26.

Oracle Corporation (NYSE:ORCL) opened at 49.81 on Friday. The stock’s 50 day moving average price is $50.01 and its 200-day moving average price is $46.93. The company has a market capitalization of $206.05 billion, a PE ratio of 22.54 and a beta of 1.05. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14.

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, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities research analysts predict that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Boskin sold 150,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the transaction, the director now directly owns 99,454 shares in the company, valued at $5,041,323.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,813,750 shares of company stock worth $91,393,788. Insiders own 29.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC lifted its stake in shares of 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 worth $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its stake in shares of Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of 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 worth $154,000 after buying an additional 947 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in shares of 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 worth $123,000 after buying an additional 206 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of 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 worth $112,000 after buying an additional 2,300 shares in the last quarter. 58.67% of the stock is currently owned by institutional investors and hedge funds.

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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