Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating restated by equities research analysts at UBS AG in a report issued on Friday, thefly.com reports. They presently have a $57.00 target price on the enterprise software provider’s stock, up from their prior target price of $52.00. UBS AG’s price objective would suggest a potential upside of 16.95% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Wedbush reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Oracle Corporation in a research report on Friday. BMO Capital Markets lifted their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research report on Friday, May 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $56.00 price objective (up previously from $49.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $52.39.

Shares of Oracle Corporation (NYSE:ORCL) traded down 7.67% on Friday, reaching $48.74. 66,367,857 shares of the company were exchanged. The company’s 50 day moving average is $49.96 and its 200 day moving average is $46.98. The firm has a market capitalization 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.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data 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. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.

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In other news, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock worth $91,582,600 over the last ninety days. Insiders own 29.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ORCL. Barometer Capital Management Inc. purchased a new stake in shares of Oracle Corporation in the 1st quarter worth about $10,568,000. Nisa Investment Advisors LLC grew its position in shares of Oracle Corporation by 4.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,134,253 shares of the enterprise software provider’s stock worth $50,596,000 after buying an additional 46,840 shares during the period. Quantitative Systematic Strategies LLC grew its position in shares of Oracle Corporation by 213.2% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 54,353 shares of the enterprise software provider’s stock worth $2,425,000 after buying an additional 37,001 shares during the period. Granite Investment Advisors LLC grew its position in shares of Oracle Corporation by 13.4% in the 1st quarter. Granite Investment Advisors LLC now owns 211,323 shares of the enterprise software provider’s stock worth $9,427,000 after buying an additional 24,999 shares during the period. Finally, Quotient Investors LLC grew its position in shares of Oracle Corporation by 263.2% in the 1st quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares during the period. 58.67% of the stock is currently owned by hedge funds and other 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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