Oracle (NYSE:ORCL) has been assigned a $55.00 target price by equities research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. J P Morgan Chase & Co’s price objective points to a potential upside of 8.98% from the stock’s previous close.

Several other research analysts have also commented on ORCL. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Oracle in a research report on Sunday, August 27th. ValuEngine raised Oracle from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Vetr lowered 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. Finally, Credit Suisse Group started coverage on Oracle in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and a consensus target price of $55.05.

Shares of Oracle (ORCL) opened at $50.47 on Tuesday. Oracle has a one year low of $38.30 and a one year 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. The stock has a market capitalization of $207,004.89, a P/E ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. Oracle’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. analysts anticipate that Oracle will post 2.68 earnings per share for the current fiscal year.

In related news, EVP Dorian Daley sold 25,776 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the transaction, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 18,125 shares of the company’s stock, valued at $885,043.75. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 in the last ninety days. 29.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORCL. Norges Bank purchased a new stake in Oracle in the 4th quarter valued at approximately $1,067,769,000. Macquarie Group Ltd. boosted its holdings in Oracle by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Oracle in the 2nd quarter valued at approximately $540,085,000. Russell Investments Group Ltd. purchased a new stake in Oracle in the 4th quarter valued at approximately $473,593,000. Finally, BT Investment Management Ltd purchased a new stake in Oracle in the 2nd quarter valued at approximately $459,738,000. Institutional investors and hedge funds own 57.70% of the company’s stock.

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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.

Analyst Recommendations for Oracle (NYSE:ORCL)

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