Oracle Corporation (NYSE:ORCL) received a $56.00 target price from analysts at Goldman Sachs Group, Inc. (The) in a report issued on Friday. The brokerage currently has a “buy” rating on the enterprise software provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential upside of 14.50% from the stock’s previous close.

Several other brokerages also recently weighed in on ORCL. UBS AG reiterated a “buy” rating and set a $57.00 target price (up previously from $52.00) on shares of Oracle Corporation in a research note on Friday, September 15th. Barclays PLC increased their target price on shares of Oracle Corporation from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. J P Morgan Chase & Co set a $55.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Friday, September 15th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Oracle Corporation in a research note on Friday, September 15th. Finally, Jefferies Group LLC increased their target price on shares of Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.37.

Oracle Corporation (NYSE:ORCL) traded down 0.74% during trading on Friday, hitting $48.55. The company’s stock had a trading volume of 5,940,478 shares. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The company has a 50-day moving average of $49.52 and a 200 day moving average of $47.49. The firm has a market cap of $202.60 billion, a PE ratio of 21.12 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping 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 business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.

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In related news, EVP Dorian Daley sold 23,297 shares of Oracle Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the sale, the executive vice president now owns 54,274 shares of the company’s stock, valued at approximately $2,659,426. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. In the last three months, insiders sold 979,073 shares of company stock worth $48,914,665. 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 increased 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 worth $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors increased 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 worth $107,000 after buying an additional 88 shares during the period. IHT Wealth Management LLC increased its stake in Oracle Corporation by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after buying an additional 947 shares during the period. Baystate Wealth Management LLC increased its stake in Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Oracle Corporation by 1,150.0% during 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 buying an additional 2,300 shares during the period. 58.66% of the stock is currently owned by hedge funds and other institutional investors.

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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