Oracle (NYSE:ORCL) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Wednesday. They currently have a $51.82 price target on the enterprise software provider’s stock. Vetr‘s price objective would suggest a potential upside of 3.08% from the company’s current price.

ORCL has been the topic of several other research reports. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle in a research note on Sunday, October 22nd. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price target on shares of Oracle in a research note on Tuesday, November 21st. Finally, BMO Capital Markets cut their price target on Oracle from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.27.

Oracle (NYSE:ORCL) traded up $0.68 during trading on Wednesday, reaching $50.27. The company’s stock had a trading volume of 23,180,000 shares, compared to its average volume of 17,860,000. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $209,800.00, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.89 and a beta of 1.05. Oracle has a one year low of $38.88 and a one year high of $53.14.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts forecast that Oracle will post 2.68 EPS for the current year.

Oracle announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $877,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders sold 111,250 shares of company stock valued at $5,310,063 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its stake in Oracle by 947.4% in 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. Cribstone Capital Management LLC bought a new position in Oracle in the second quarter valued at approximately $102,000. Burt Wealth Advisors grew its stake in Oracle by 4.3% in 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. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 107,202 shares in the last quarter. Finally, Reilly Financial Advisors LLC grew its stake in Oracle by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 57.89% 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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