Vetr cut shares of Oracle Corp. (NYSE:ORCL) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning. They currently have $45.08 price objective on the enterprise software provider’s stock.

A number of other research analysts also recently commented on the stock. Barclays PLC reaffirmed a buy rating on shares of Oracle Corp. in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of Oracle Corp. from a hold rating to a sell rating in a research report on Tuesday, September 6th. Atlantic Securities downgraded shares of Oracle Corp. from an overweight rating to a neutral rating and dropped their target price for the company from $48.00 to $44.00 in a research report on Tuesday, July 19th. Jefferies Group reaffirmed a buy rating on shares of Oracle Corp. in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. raised shares of Oracle Corp. from an underweight rating to a neutral rating and increased their target price for the company from $37.00 to $38.00 in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corp. has a consensus rating of Buy and an average price target of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.23 on Wednesday. The stock’s 50 day moving average is $40.93 and its 200-day moving average is $40.34. The stock has a market cap of $161.73 billion, a PE ratio of 18.95 and a beta of 1.08. Oracle Corp. has a 1-year low of $33.13 and a 1-year 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The firm earned $8.60 billion during the quarter. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Oracle Corp. will post $2.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Oracle Corp.’s dividend payout ratio is currently 28.57%.

In other news, Director Naomi O. Seligman sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 32,654 shares in the company, valued at $1,330,323.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC raised its position in 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 valued at $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in Oracle Corp. during the second quarter valued at approximately $102,000. WESPAC Advisors SoCal LLC raised its position in 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 valued at $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX raised its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in 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 valued at $124,000 after buying an additional 963 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.

5 Day Chart for NYSE:ORCL

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.