Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reiterated by research analysts at Bank of America Corporation in a research report issued to clients and investors on Monday. They presently have a $62.00 price objective on the enterprise software provider’s stock. Bank of America Corporation’s price target indicates a potential upside of 27.21% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. UBS AG restated a “buy” rating and set a $52.00 target price (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. Rosenblatt Securities restated a “buy” rating and set a $55.00 target price on shares of Oracle Corporation in a report on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Tuesday, June 20th. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, June 15th. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have issued a buy rating to the company. Oracle Corporation presently has an average rating of “Buy” and an average price target of $53.04.

Shares of Oracle Corporation (NYSE ORCL) traded down 1.01% during mid-day trading on Monday, hitting $48.25. 18,622,630 shares of the stock were exchanged. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company has a 50-day moving average price of $49.96 and a 200-day moving average price of $46.98. The stock has a market cap of $199.59 billion, a price-to-earnings ratio of 21.83 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Equities analysts expect that Oracle Corporation will post $2.94 earnings per share for the current year.

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In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was 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 $9,146,803.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock worth $91,582,600. 29.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Acrospire Investment Management LLC lifted its position 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 valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its position 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 valued at $107,000 after acquiring an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position 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 valued at $112,000 after acquiring an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC lifted its position in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its position 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 valued at $123,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 58.64% 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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