Oracle Corp. (NYSE:ORCL) had its target price boosted by Nomura from $44.00 to $45.00 in a research report released on Friday morning. Nomura currently has a buy rating on the enterprise software provider’s stock.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein reissued an outperform rating and issued a $51.00 target price on shares of Oracle Corp. in a research report on Friday, July 15th. Macquarie reissued an outperform rating on shares of Oracle Corp. in a research report on Tuesday, July 19th. Atlantic Securities lowered Oracle Corp. from an overweight rating to a neutral rating and cut their target price for the company from $48.00 to $44.00 in a research report on Tuesday, July 19th. BTIG Research boosted their target price on Oracle Corp. from $44.00 to $47.00 and gave the company a buy rating in a research report on Thursday, July 14th. Finally, Vetr lowered Oracle Corp. from a buy rating to a hold rating and set a $41.24 target price on the stock. in a research report on Monday, August 15th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.51 on Friday. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The firm has a market cap of $162.74 billion, a PE ratio of 18.77 and a beta of 1.08. The stock has a 50 day moving average price of $40.83 and a 200-day moving average price of $40.35.

Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 earned $8.60 billion during the quarter. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corp. will post $2.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.

In other news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was 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 of the company’s stock, valued at approximately $345,980.18. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. First American Trust FSB increased its stake in Oracle Corp. by 5.4% in the first quarter. First American Trust FSB now owns 99,830 shares of the enterprise software provider’s stock valued at $4,084,000 after buying an additional 5,113 shares during the last quarter. Stillwater Investment Management LLC increased its stake in Oracle Corp. by 18.0% in the first quarter. Stillwater Investment Management LLC now owns 33,657 shares of the enterprise software provider’s stock valued at $1,356,000 after buying an additional 5,125 shares during the last quarter. Trust Co. of Virginia VA increased its stake in Oracle Corp. by 0.7% in the first quarter. Trust Co. of Virginia VA now owns 176,865 shares of the enterprise software provider’s stock valued at $7,236,000 after buying an additional 1,204 shares during the last quarter. Fulton Bank N.A. increased its stake in Oracle Corp. by 61.1% in the first quarter. Fulton Bank N.A. now owns 52,456 shares of the enterprise software provider’s stock valued at $2,146,000 after buying an additional 19,890 shares during the last quarter. Finally, Union Bankshares Corp increased its stake in Oracle Corp. by 2.1% in the first quarter. Union Bankshares Corp now owns 70,607 shares of the enterprise software provider’s stock valued at $2,889,000 after buying an additional 1,458 shares during the last quarter. 58.00% of the stock is owned by institutional investors.

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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