Oracle Co. (NYSE:ORCL) has been given an average rating of “Buy” by the forty-seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $53.30.

A number of equities research analysts have commented on ORCL shares. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Oracle in a research note on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $53.00 target price on shares of Oracle in a research note on Sunday, August 27th. Finally, ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

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Shares of Oracle (ORCL) traded down 0.20% during trading on Friday, reaching $49.25. 15,501,538 shares of the company traded hands. The company has a market capitalization of $205.52 billion, a P/E ratio of 21.42 and a beta of 1.05. Oracle has a 52 week low of $37.64 and a 52 week high of $53.14. The company’s 50-day moving average price is $49.37 and its 200-day moving average price is $47.81.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle had a net margin of 24.06% and a return on equity of 16.14%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter last year, the business earned $0.55 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Oracle will post $2.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. Oracle’s payout ratio is 33.19%.

In other news, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the sale, the executive vice president now owns 30,977 shares in the company, valued at $1,488,444.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $48.25, for a total value of $2,714,062.50. Following the sale, the director now owns 66,250 shares in the company, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock worth $14,822,112 in the last 90 days. Insiders own 29.00% of the company’s stock.

Several hedge funds have recently modified their holdings of ORCL. Acrospire Investment Management LLC grew its stake in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the last quarter. Burt Wealth Advisors boosted its position in Oracle 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 buying an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Oracle 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 buying an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in Oracle 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 buying an additional 1,264 shares during the last quarter. Finally, Baystate Wealth Management LLC boosted its position in Oracle 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 buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 57.83% of the company’s stock.

Oracle 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 (NYSE:ORCL)

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