Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating restated by research analysts at Drexel Hamilton in a research report issued on Tuesday. They currently have a $62.00 target price on the enterprise software provider’s stock. Drexel Hamilton’s target price would suggest a potential upside of 27.61% from the stock’s previous close.

A number of other research firms have also recently issued reports on ORCL. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $53.00 price objective on shares of Oracle Corporation in a report on Sunday, August 27th. Eleven investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.85.

Oracle Corporation (NYSE ORCL) traded down $0.05 during trading hours on Tuesday, reaching $48.59. The company’s stock had a trading volume of 5,068,182 shares, compared to its average volume of 13,212,691. 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. The company has a market cap of $202,750.00, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data 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. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. equities research analysts expect that Oracle Corporation will post 2.68 EPS for the current fiscal year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the sale, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,821,999 over the last ninety days. 29.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Oracle Corporation by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after purchasing an additional 450,836 shares during the last quarter. 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 valued at $337,000 after acquiring an additional 39 shares during the period. Lockheed Martin Investment Management Co. increased its position in Oracle Corporation by 125.6% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after acquiring an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. increased its position in Oracle Corporation by 8.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after acquiring an additional 9,328 shares during the period. Finally, LGT Capital Partners LTD. increased its position in Oracle Corporation by 14.0% in the 2nd quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after acquiring an additional 76,653 shares during the period. 58.09% of the stock is owned by institutional investors and hedge funds.

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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