Oracle (NYSE:ORCL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Oracle has underperformed the industry on a year-to-date basis. The company’s soft outlook for the second quarter reflects intensifying competition from Microsoft Azure and Amazon Web Services (AWS) in the cloud. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term. Nevertheless, we believe that the company is benefiting from significant momentum in the SaaS offerings. Oracle claims that it is wining market share against salesforce.com and Workday, which is a significant growth driver. We believe the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future. Moreover, the next-generation autonomous database, which is supported by machine learning, is a key catalyst. Further, the company has positive record of earnings surprises in recent quarters.”

ORCL has been the topic of a number of other research reports. Jefferies Group lifted their price target on shares of Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Credit Suisse Group began coverage on shares of Oracle in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price on the stock. Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 target price on the stock in a research note on Monday, November 13th. BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group restated a “buy” rating and issued a $63.00 target price on shares of Oracle in a research note on Friday, September 15th. Twelve investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.85.

Shares of Oracle (ORCL) opened at $47.99 on Wednesday. The stock has a market cap of $201,996.72, a price-to-earnings ratio of 18.98, a PEG ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle has a 52 week low of $38.30 and a 52 week high of $53.14.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm 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 earned $0.55 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. research analysts expect that Oracle will post 2.68 EPS for the current year.

In other Oracle news, 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 transaction of $2,714,062.50. Following the completion of the sale, the director now directly owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total value 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 a total of 305,776 shares of company stock valued at $14,821,999 over the last three months. Company insiders own 29.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its position in shares of Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares during the period. TrimTabs Asset Management LLC grew its position in shares of Oracle by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the period. Finally, Baystate Wealth Management LLC grew its position in shares of Oracle by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the period. 57.70% of the stock is owned by hedge funds and other institutional investors.

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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.

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