Oracle Corporation (NYSE:ORCL)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Wells Fargo & Company in a note issued to investors on Monday. They presently have a $62.50 price target on the enterprise software provider’s stock. Wells Fargo & Company’s price target suggests a potential upside of 28.23% from the stock’s current price.

Other analysts have also issued research reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a report on Tuesday, September 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $54.00 target price on shares of Oracle Corporation in a report on Tuesday, June 13th. Moffett Nathanson initiated coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus target price of $53.04.

Oracle Corporation (NYSE ORCL) traded down 1.01% on Monday, reaching $48.25. 18,622,630 shares of the company’s stock traded hands. 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 has a 52-week low of $37.62 and a 52-week high of $53.14. The company’s 50 day moving average is $49.96 and its 200-day moving average is $46.98.

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

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In other news, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP W Corey West sold 150,000 shares of the firm’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 sale, the executive vice president now directly owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. 29.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ORCL. Granite Investment Advisors LLC boosted its holdings in shares of Oracle Corporation by 13.4% during the 1st quarter. Granite Investment Advisors LLC now owns 211,323 shares of the enterprise software provider’s stock valued at $9,427,000 after acquiring an additional 24,999 shares during the last quarter. Quotient Investors LLC boosted its holdings in shares of Oracle Corporation by 263.2% during the 1st quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock valued at $1,865,000 after acquiring an additional 30,300 shares during the last quarter. Ledyard National Bank boosted its holdings in shares of Oracle Corporation by 32.7% during the 1st quarter. Ledyard National Bank now owns 9,536 shares of the enterprise software provider’s stock valued at $425,000 after acquiring an additional 2,350 shares during the last quarter. Bollard Group LLC boosted its holdings in shares of Oracle Corporation by 0.4% during the 1st quarter. Bollard Group LLC now owns 22,675 shares of the enterprise software provider’s stock valued at $1,012,000 after acquiring an additional 84 shares during the last quarter. Finally, Boys Arnold & Co. Inc. boosted its holdings in shares of Oracle Corporation by 12.6% during the 1st quarter. Boys Arnold & Co. Inc. now owns 52,352 shares of the enterprise software provider’s stock valued at $2,335,000 after acquiring an additional 5,850 shares during the last quarter. 58.64% of the stock is currently owned by hedge funds and other 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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