Oracle (NYSE:ORCL) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $52.33 price objective on the enterprise software provider’s stock. Vetr‘s price target would suggest a potential upside of 3.69% from the stock’s current price.

Several other research firms have also commented on ORCL. Wedbush reissued an “outperform” rating and set a $58.00 price objective on shares of Oracle in a research note on Friday, September 15th. UBS reaffirmed a “buy” rating and issued a $57.00 target price (up from $52.00) on shares of Oracle in a report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 target price on shares of Oracle and gave the stock a “buy” rating in a report on Friday, September 15th. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group lifted their target price on shares of Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Thirteen analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.05.

Oracle (NYSE ORCL) traded up $0.87 during trading hours on Monday, reaching $50.47. 15,198,006 shares of the company traded hands, compared to its average volume of 13,275,237. Oracle has a 1-year low of $38.30 and a 1-year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The company has a market capitalization of $207,004.89, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Oracle’s quarterly revenue was up 7.0% on a year-over-year basis. analysts anticipate that Oracle will post 2.68 earnings per share for the current 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its stake in Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors raised its stake in Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Oracle by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Oracle during the second quarter valued at $129,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Oracle (NYSE:ORCL)

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