Oracle Corporation’s (ORCL) Buy Rating Reiterated at KeyCorp
Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research report issued to clients and investors on Wednesday.
A number of other equities research analysts have also weighed in on the stock. Piper Jaffray Companies began coverage on shares of Oracle Corporation in a report on Wednesday. They issued an “overweight” rating and a $55.00 price objective on the stock. Drexel Hamilton reissued a “buy” rating and issued a $62.00 target price on shares of Oracle Corporation in a report on Monday. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. BTIG Research restated a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a research note on Tuesday, September 19th. Finally, Credit Suisse Group reaffirmed an “overweight” rating and issued a $62.00 price target on shares of Oracle Corporation in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.37.
Shares of Oracle Corporation (NYSE:ORCL) traded up 0.33% during midday trading on Wednesday, reaching $48.85. The company’s stock had a trading volume of 4,062,936 shares. The company has a market capitalization of $203.85 billion, a P/E ratio of 21.25 and a beta of 1.05. The stock’s 50-day moving average is $49.53 and its 200-day moving average is $47.47. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts expect that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Monday, July 17th. The shares were sold at an average price of $50.30, for a total transaction of $188,625.00. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $911,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now directly owns 783,533 shares in the company, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders sold 979,073 shares of company stock valued at $48,914,665 in the last three months. Insiders own 29.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Hudock Capital Group LLC grew its stake in shares of Oracle Corporation by 0.3% during the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after acquiring an additional 10 shares during the period. Keel Point LLC raised its holdings in Oracle Corporation by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after acquiring an additional 14 shares during the period. Alpha Windward LLC raised its holdings in Oracle Corporation by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after acquiring an additional 19 shares during the period. Joel Isaacson & Co. LLC lifted its position in shares of Oracle Corporation by 0.3% during the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after acquiring an additional 24 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC lifted its position in shares of Oracle Corporation by 0.6% during the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock worth $166,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 58.66% 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.
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