Oracle (NYSE: ORCL) has recently received a number of price target changes and ratings updates:

  • 10/22/2017 – Oracle had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 10/18/2017 – Oracle was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/17/2017 – Oracle was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Oracle's first-quarter fiscal 2018 results were impressive. The company is benefiting from significant momentum in the SaaS offerings. The company stated that it is wining market share against salesforce.com and Workday. We believe the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future. Moreover, the upcoming launch of the next-generation autonomous database, which is supported by machine learning, is a key catalyst. However, soft outlook for the second quarter reflects slowing cloud momentum, particualrly due to increasing competition from Microsoft Azure and Amazon Web Services. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term. We note that the stock has underperformed the industry on a year-to-date basis.”
  • 10/6/2017 – Oracle was given a new $56.00 price target on by analysts at Goldman Sachs Group, Inc. (The). They now have a “buy” rating on the stock.
  • 10/6/2017 – Oracle is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $57.00 price target on the stock.
  • 10/4/2017 – Oracle is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $55.00 price target on the stock.
  • 10/4/2017 – Oracle had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 10/2/2017 – Oracle had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock.
  • 9/20/2017 – Oracle was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/19/2017 – Oracle had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $58.00 price target on the stock.
  • 9/18/2017 – Oracle was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $46.58 price target on the stock.
  • 9/18/2017 – Oracle had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $62.00 price target on the stock.
  • 9/18/2017 – Oracle had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $62.50 price target on the stock.
  • 9/18/2017 – Oracle had its “overweight” rating reaffirmed by analysts at Credit Suisse Group. They now have a $62.00 price target on the stock.
  • 9/16/2017 – Oracle had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $57.00 price target on the stock, up previously from $56.00.
  • 9/16/2017 – Oracle had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $53.00 price target on the stock, up previously from $52.00.
  • 9/15/2017 – Oracle had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $58.00 price target on the stock.
  • 9/15/2017 – Oracle had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $57.00 price target on the stock, up previously from $52.00.
  • 9/15/2017 – Oracle was given a new $55.00 price target on by analysts at J P Morgan Chase & Co. They now have a “buy” rating on the stock.
  • 9/15/2017 – Oracle was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Oracle's first-quarter fiscal 2018 results were impressive. The company is benefiting from significant momentum in the SaaS offerings. The company stated that it is wining market share against salesforce.com and Workday. We believe the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future. Moreover, the upcoming launch of the next-generation autonomous database, which is supported by machine learning, is a key catalyst. The stock has outperformed the industry on a year-to-date basis driven by these factors. However, soft outlook for the second quarter reflects slowing cloud momentum, particualrly due to increasing competition from Microsoft Azure and Amazon Web Services. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term.”
  • 9/15/2017 – Oracle had its price target raised by analysts at Jefferies Group LLC from $60.00 to $61.00. They now have a “buy” rating on the stock.
  • 9/15/2017 – Oracle had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/15/2017 – Oracle had its “buy” rating reaffirmed by analysts at Mitsubishi UFJ Financial Group. They now have a $63.00 price target on the stock.
  • 9/15/2017 – Oracle had its price target raised by analysts at Barclays PLC from $55.00 to $59.00. They now have an “overweight” rating on the stock.
  • 9/14/2017 – Oracle had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock. They wrote, “We believe Oracle will at least meet our 1Q:FY18 revenue estimate of $9.03 billion (up 5% YoY; Street is at $9.03 billion) and slightly exceed our EPS projection of $0.61 (Street is at $0.60). Our model reflects a sales decline of 18% QoQ in 1Q:FY18 and better than the five-year average August quarter performance of down 22%. Recall, Oracle’s 1Q:FY18 outlook calls for sales to be up 4-6% YoY in CC and pro-forma EPS of $0.59-0.61. This earnings season, the companies in our software coverage delivered strong quarterly reports and this continued with the off-quarter updates in recent weeks.””
  • 9/14/2017 – Oracle was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “Oracle is benefiting from significant momentum in the SaaS and PaaS offerings. We believe the company’s growing cloud market share will continue to drive top-line growth for the foreseeable future. The stock has outperformed the industry on a year-to-date basis driven by these factors. The recent collaboration with Mitshubishi and addition of AI and machine learning features in  Internet of Things (IoT) Cloud offerings is positive. NetSuite continues to expand customer base and was recently named as a leader among B2B commerce suites for midsize organizations by Forrester Wave report. Meanwhile, estimates have been going up lately ahead of the company's Q1 earnings release. The company has mixed record of earnings surprises in recent quarters. However, higher investments on IaaS will affect gross margin expansion in the near-term.”
  • 9/12/2017 – Oracle was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.58 price target on the stock.
  • 9/12/2017 – Oracle was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/12/2017 – Oracle had its price target raised by analysts at Royal Bank Of Canada from $53.00 to $56.00. They now have an “outperform” rating on the stock.
  • 9/11/2017 – Oracle had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $58.00 price target on the stock.
  • 9/6/2017 – Oracle is now covered by analysts at Moffett Nathanson. They set a “buy” rating and a $65.00 price target on the stock.
  • 9/5/2017 – Oracle is now covered by analysts at Credit Suisse Group. They set an “outperform” rating and a $62.00 price target on the stock.
  • 9/3/2017 – Oracle was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $46.58 price target on the stock.
  • 9/1/2017 – Oracle was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/28/2017 – Oracle was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Oracle is benefiting from significant momentum in the SaaS and PaaS offerings. This has also helped in improving the company's competitive position against salesforce.com and Workday. We believe the company’s growing cloud market share will continue to drive top-line growth for the foreseeable future. The stock has outperformed the industry on a year-to-date basis driven by these factors. We believe the company’s growing cloud market share will continue to drive top-line growth for the foreseeable future. Moreover, Oracle continues to win new customers in HCM, ERP and CX. Meanwhile, estimates have been stable lately ahead of the company's Q1 earnings release. The company has mixed record of earnings surprises in recent quarters. However, higher investments on IaaS will affect gross margin expansion in the near-term. Further, a strong U.S. dollar remains a headwind.”
  • 8/27/2017 – Oracle had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $53.00 price target on the stock.

Oracle Co. (NYSE:ORCL) opened at 49.25 on Monday. Oracle Co. has a 1-year low of $37.64 and a 1-year high of $53.14. The firm has a 50 day moving average of $49.37 and a 200-day moving average of $47.81. The company has a market capitalization of $205.52 billion, a price-to-earnings ratio of 21.42 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a net margin of 24.06% and a return on equity of 16.14%. Oracle’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. On average, equities research analysts anticipate that Oracle Co. will post $2.94 earnings per share for the current fiscal year.

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

In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,587.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is currently owned by company insiders.

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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