Oracle Corp. (NYSE:ORCL)‘s stock had its “hold” rating reissued by equities research analysts at Argus in a report issued on Monday.

ORCL has been the topic of several other research reports. BTIG Research reissued a “buy” rating and set a $47.00 price objective on shares of Oracle Corp. in a research note on Monday, August 22nd. Vetr downgraded shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price objective on the stock. in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $41.00 price objective on shares of Oracle Corp. in a research note on Thursday, September 15th. Zacks Investment Research raised shares of Oracle Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, TheStreet downgraded shares of Oracle Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.88.

Oracle Corp. (NYSE:ORCL) opened at 39.07 on Monday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm has a 50-day moving average of $40.87 and a 200 day moving average of $40.35. The stock has a market cap of $160.93 billion, a PE ratio of 18.56 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts anticipate that Oracle Corp. will post $2.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio is currently 28.57%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the sale, the director now owns 32,654 shares of the company’s stock, valued at $1,330,323.96. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of ORCL. BLB&B Advisors LLC boosted its stake in Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock valued at $397,000 after buying an additional 28 shares in the last quarter. Point View Wealth Management Inc. raised its position in shares of Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock valued at $285,000 after buying an additional 37 shares during the last quarter. Enterprise Financial Services Corp raised its position in shares of Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock valued at $305,000 after buying an additional 62 shares during the last quarter. Bollard Group LLC raised its position in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares during the last quarter. Finally, Lourd Capital LLC raised its position in shares of Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock valued at $321,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

About Oracle Corp.

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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