Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Saturday. They currently have a $53.00 price target on the enterprise software provider’s stock, up from their prior price target of $52.00. Stifel Nicolaus’ price objective indicates a potential upside of 8.74% from the company’s previous close.

A number of other research firms have also commented on ORCL. UBS AG reiterated a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating and set a $57.00 price target (up from $56.00) on shares of Oracle Corporation in a report on Saturday. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price target for the company. in a report on Tuesday. J P Morgan Chase & Co set a $55.00 price target on shares of Oracle Corporation and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada upped their price target on shares of Oracle Corporation from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $52.44.

Oracle Corporation (NYSE:ORCL) opened at 48.74 on Friday. The stock’s 50 day moving average is $49.96 and its 200 day moving average is $46.98. 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 has a 1-year low of $37.62 and a 1-year 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 21.05%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the company’s 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 transaction, the executive vice president now owns 177,988 shares in the company, valued at approximately $9,146,803.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 200,000 shares of the company’s 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 transaction, the executive vice president now owns 130,977 shares in the company, valued at approximately $6,671,968.38. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock worth $91,582,600 in the last 90 days. Company 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 Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors lifted its stake in Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Oracle Corporation by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the period. TrimTabs Asset Management LLC lifted its stake in shares of Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the period. Finally, Baystate Wealth Management LLC lifted its stake in shares of Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 58.67% of the company’s stock.

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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