Oracle Corporation (NYSE:ORCL)‘s stock had its “hold” rating reaffirmed by equities researchers at Oppenheimer Holdings, Inc. in a research note issued on Friday.

Several other brokerages have also recently weighed in on ORCL. Bank of America Corporation decreased their price target on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Argus upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, June 23rd. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. KeyCorp upgraded Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target on the stock in a research report on Wednesday, July 5th. Finally, OTR Global upgraded Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Two equities 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. The company presently has an average rating of “Buy” and a consensus target price of $52.39.

Shares of Oracle Corporation (ORCL) traded down 7.67% during midday trading on Friday, reaching $48.74. 65,702,335 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $50.01 and a 200 day moving average price of $46.93. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company has a market cap of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ 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 period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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In related news, Director Michael J. Boskin sold 150,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the sale, the director now directly owns 99,454 shares of the company’s stock, valued at $5,041,323.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at $911,687.50. The disclosure for this sale can be found here. Insiders have sold 1,813,750 shares of company stock valued at $91,393,788 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its position in shares of Oracle Corporation by 947.4% during 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 boosted its position in shares of Oracle Corporation by 4.3% during 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. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Oracle Corporation by 1,150.0% during 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. TrimTabs Asset Management LLC boosted its position in shares of Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares during the last quarter. Finally, Baystate Wealth Management LLC boosted its position in shares of Oracle Corporation by 9.2% during 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. 58.67% of the stock is currently owned by institutional investors.

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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