Oracle (NYSE:ORCL) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, The Fly reports.
A number of other analysts also recently commented on the company. Standpoint Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $42.69 price objective for the company in a report on Wednesday, December 26th. Barclays cut shares of Oracle from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $60.00 to $55.00 in a research report on Wednesday, January 9th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Oracle in a research report on Thursday, February 14th. Nomura set a $53.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Wednesday, December 12th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Monday, February 18th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.12.
ORCL stock opened at $53.05 on Friday. The firm has a market cap of $218.57 billion, a PE ratio of 18.81, a PEG ratio of 1.75 and a beta of 1.08. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80. Oracle has a 52 week low of $42.40 and a 52 week high of $53.47.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. On average, analysts forecast that Oracle will post 3.07 earnings per share for the current fiscal year.
In other Oracle news, EVP Dorian Daley sold 6,302 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $43.24, for a total value of $272,498.48. Following the completion of the transaction, the executive vice president now directly owns 77,919 shares of the company’s stock, valued at approximately $3,369,217.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $48.20, for a total transaction of $180,750.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,348,105.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,552 shares of company stock valued at $1,945,486. 32.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Csenge Advisory Group bought a new position in shares of Oracle during the third quarter worth about $25,000. Massey Quick Simon & CO. LLC lifted its position in shares of Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 413 shares during the last quarter. Riverview Trust Co bought a new position in shares of Oracle during the fourth quarter worth about $35,000. Truehand Inc bought a new position in shares of Oracle during the fourth quarter worth about $36,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in Oracle during the fourth quarter worth about $36,000. 46.80% of the stock is owned by institutional investors.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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