Credit Agricole SA Reiterates Underperform Rating for Oracle Corp. (ORCL)
Oracle Corp. (NYSE:ORCL)‘s stock had its “underperform” rating reissued by research analysts at Credit Agricole SA in a research note issued to investors on Monday. They currently have a $42.00 price target on the enterprise software provider’s stock. Credit Agricole SA’s target price suggests a potential upside of 7.50% from the company’s previous close.
Several other analysts have also recently issued reports on ORCL. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corp. in a research note on Saturday. SunTrust Banks Inc. set a $48.00 price target on Oracle Corp. and gave the stock a “buy” rating in a report on Saturday. Rosenblatt Securities set a $48.00 price target on Oracle Corp. and gave the stock a “buy” rating in a report on Saturday. Citigroup Inc. reiterated a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $41.00 price target on shares of Oracle Corp. in a report on Wednesday, June 15th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.88.
Shares of Oracle Corp. (NYSE:ORCL) opened at 39.07 on Monday. The stock 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. has a 12 month low of $33.13 and a 12 month high of $42.00.
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. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business had revenue of $8.60 billion for the quarter. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
In related news, Director Naomi O. Seligman sold 25,000 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at approximately $332,564.96. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of ORCL. BLB&B Advisors LLC raised 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 worth $397,000 after buying an additional 28 shares during the last quarter. Point View Wealth Management Inc. raised its stake in 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 worth $285,000 after buying an additional 37 shares during the last quarter. Enterprise Financial Services Corp raised its stake in 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 worth $305,000 after buying an additional 62 shares during the last quarter. Bollard Group LLC raised its stake in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 69 shares during the last quarter. Finally, Lourd Capital LLC raised its stake in Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock worth $321,000 after buying an additional 92 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corp. 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.
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