Oracle Corp. (ORCL) Cut to “Hold” at TheStreet
A number of other brokerages have also recently commented on ORCL. Cowen and Company set a $46.00 target price on shares of Oracle Corp. and gave the stock a buy rating in a research report on Friday. BTIG Research reiterated a buy rating and issued a $44.00 target price on shares of Oracle Corp. in a research report on Friday, June 17th. Vetr cut shares of Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 target price on the stock. in a research report on Wednesday, September 7th. DA Davidson started coverage on shares of Oracle Corp. in a research report on Monday, August 8th. They issued a buy rating on the stock. Finally, Morgan Stanley reiterated a hold rating and issued a $41.00 target price on shares of Oracle Corp. in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Oracle Corp. currently has an average rating of Buy and a consensus price target of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.23 on Thursday. The company has a market cap of $161.73 billion, a PE ratio of 18.95 and a beta of 1.08. The stock’s 50 day moving average is $40.93 and its 200-day moving average is $40.34. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.22% and a net margin of 24.16%. The company had revenue of $8.60 billion for the quarter. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that Oracle Corp. will post $2.65 EPS for the current fiscal year.
The firm 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Oracle Corp.’s dividend payout ratio is currently 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the company’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 of the company’s stock, valued at $345,980.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the sale, the director now directly owns 32,654 shares of the company’s stock, valued at $1,330,323.96. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Camarda Financial Advisors LLC boosted its stake in shares of Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC acquired a new stake in shares of Oracle Corp. during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC boosted its stake in shares of Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock worth $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX boosted its stake in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares in the last quarter. 58.00% of the stock is 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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