BidaskClub Lowers Oracle Corporation (ORCL) to Buy
Oracle Corporation (NYSE:ORCL) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
A number of other research analysts have also recently weighed in on ORCL. Vetr cut shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $51.74 price target on the stock. in a research report on Monday, October 30th. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price target on shares of Oracle Corporation in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Oracle Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. BTIG Research reissued a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $53.00 target price (up from $52.00) on shares of Oracle Corporation in a research report on Saturday, September 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.73.
Shares of Oracle Corporation (NYSE:ORCL) traded down $0.10 during mid-day trading on Friday, reaching $50.18. 15,810,000 shares of the company’s stock were exchanged, compared to its average volume of 15,220,000. The firm has a market capitalization of $209,430.00, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. research analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
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In other Oracle Corporation news, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,822,112 over the last ninety days. Insiders own 29.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ORCL. Macquarie Group Ltd. lifted its stake in Oracle Corporation by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after buying an additional 18,351,920 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of Oracle Corporation in the 2nd quarter valued at about $459,738,000. Harris Associates L P increased its holdings in shares of Oracle Corporation by 17.9% in the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after purchasing an additional 7,427,501 shares during the period. FMR LLC increased its holdings in shares of Oracle Corporation by 24.8% in the 2nd quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after purchasing an additional 6,577,297 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Oracle Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. 57.95% of the stock is owned by 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.
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