Oracle Corporation (NYSE:ORCL) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Several other research firms also recently issued reports on ORCL. Stifel Nicolaus restated a “buy” rating on shares of Oracle Corporation in a report on Sunday, October 22nd. Vetr downgraded Oracle Corporation from a “buy” rating to a “hold” rating and set a $51.74 price objective on the stock. in a report on Tuesday, October 24th. Drexel Hamilton restated a “buy” rating and set a $62.00 price objective on shares of Oracle Corporation in a report on Monday, October 2nd. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, BTIG Research restated a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $53.50.

Oracle Corporation (NYSE ORCL) traded up 1.46% during mid-day trading on Friday, hitting $50.88. 15,099,521 shares of the company were exchanged. The firm has a 50 day moving average price of $49.27 and a 200 day moving average price of $48.01. The stock has a market cap of $212.32 billion, a price-to-earnings ratio of 22.13 and a beta of 1.05. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.

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

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In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 56,250 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $48.25, for a total value of $2,714,062.50. Following the transaction, the director now directly owns 66,250 shares in the company, valued at $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 over the last three months. 29.00% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Keel Point LLC increased its position in Oracle Corporation by 0.3% in the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after purchasing an additional 14 shares during the last quarter. Alpha Windward LLC increased its position in Oracle Corporation by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after purchasing an additional 19 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in Oracle Corporation by 0.3% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after purchasing an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in Oracle Corporation by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares during the last quarter. Finally, Partnervest Advisory Services LLC increased its position in Oracle Corporation by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares during the last quarter. 57.94% of the stock is currently owned by 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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