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

ORCL has been the subject of several other reports. BTIG Research reissued a buy rating and issued a $47.00 target price on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr downgraded shares of Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 target price for the company. in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reissued a neutral rating and issued a $41.00 target price on shares of Oracle Corp. in a research report on Thursday, September 15th. Zacks Investment Research raised shares of Oracle Corp. from a sell rating to a hold rating in a research report on Wednesday, September 14th. Finally, Jefferies Group reissued a positive rating and issued a $51.00 target price on shares of Oracle Corp. in a research report on Monday, August 29th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Oracle Corp. presently has an average rating of Buy and an average price target 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 stock has a 50 day moving average of $40.83 and a 200 day moving average of $40.35. The company has a market cap of $162.74 billion, a P/E ratio of 18.77 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts anticipate that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.

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

In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $345,980.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Brookstone Capital Management boosted its stake in shares of Oracle Corp. by 16.9% in the first quarter. Brookstone Capital Management now owns 8,752 shares of the enterprise software provider’s stock worth $358,000 after buying an additional 1,267 shares during the last quarter. Swarthmore Group Inc. boosted its stake in shares of Oracle Corp. by 3,586.0% in the first quarter. Swarthmore Group Inc. now owns 584,225 shares of the enterprise software provider’s stock worth $23,901,000 after buying an additional 568,375 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Oracle Corp. by 21.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 49,683 shares of the enterprise software provider’s stock worth $2,033,000 after buying an additional 8,658 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Oracle Corp. by 6.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 767,171 shares of the enterprise software provider’s stock worth $31,385,000 after buying an additional 49,568 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Oracle Corp. by 2.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 728,982 shares of the enterprise software provider’s stock worth $29,823,000 after buying an additional 20,682 shares during the last quarter. 58.00% of the stock is owned by institutional investors.

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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