Oracle (NYSE:ORCL) had its target price boosted by equities research analysts at Royal Bank Of Canada to $53.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the enterprise software provider’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 10.44% from the company’s current price.

Several other analysts have also commented on the stock. Credit Suisse Group started coverage on shares of Oracle in a research note on Tuesday, September 5th. They set an “outperform” rating and a $62.00 target price for the company. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a research report on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, UBS restated a “neutral” rating and issued a $55.00 price target (down previously from $57.00) on shares of Oracle in a research report on Thursday, November 9th. Twelve research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Oracle presently has a consensus rating of “Buy” and an average target price of $54.77.

Shares of Oracle (NYSE:ORCL) traded down $0.41 during trading hours on Wednesday, hitting $47.99. 17,858,801 shares of the stock were exchanged, compared to its average volume of 13,261,195. The firm has a market cap of $201,996.72, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.84 and a beta of 1.05. Oracle has a 12 month low of $38.30 and a 12 month high of $53.14. 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 (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts forecast that Oracle will post 2.68 earnings per share for the current fiscal year.

In related news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of 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. In the last 90 days, insiders have sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of ORCL. Schwab Charles Investment Management Inc. increased its position in shares of Oracle by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock worth $509,383,000 after purchasing an additional 450,836 shares in the last quarter. Partnervest Advisory Services LLC increased its position in Oracle 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 in the last quarter. Lockheed Martin Investment Management Co. increased its position in Oracle 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 in the last quarter. Pinnacle Financial Partners Inc. increased its position in Oracle 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 in the last quarter. Finally, LGT Capital Partners LTD. increased its position in Oracle 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 in the last quarter. 57.70% of the stock is owned by hedge funds and other institutional investors.

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About Oracle

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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Analyst Recommendations for Oracle (NYSE:ORCL)

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