Barclays PLC restated their overweight rating on shares of Oracle Corp. (NYSE:ORCL) in a research report released on Monday morning. The firm currently has a $48.00 target price on the enterprise software provider’s stock.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

A number of other research analysts also recently issued reports on the stock. Vetr upgraded shares of Oracle Corp. from a buy rating to a strong-buy rating and set a $45.46 price target for the company in a research note on Monday, September 12th. Zacks Investment Research downgraded shares of Oracle Corp. from a hold rating to a sell rating in a research note on Tuesday, September 6th. Atlantic Securities downgraded shares of Oracle Corp. from an overweight rating to a neutral rating and decreased their price target for the stock from $48.00 to $44.00 in a research note on Tuesday, July 19th. Jefferies Group reiterated a buy rating on shares of Oracle Corp. in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. upgraded shares of Oracle Corp. from an underweight rating to a neutral rating and lifted their price target for the stock from $37.00 to $38.00 in a research note on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Oracle Corp. currently has an average rating of Buy and an average target price of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. Oracle Corp. has a 1-year low of $33.13 and a 1-year 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 firm has a market cap of $162.74 billion, a price-to-earnings ratio of 18.77 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The business 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 quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Equities analysts anticipate that Oracle Corp. will post $2.64 EPS for the current fiscal year.

The company also recently disclosed 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 presently 28.57%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the transaction, the executive vice president now owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Oracle Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 192,375,888 shares of the enterprise software provider’s stock valued at $7,873,946,000 after buying an additional 812,821 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Oracle Corp. by 1.7% in the second quarter. First Eagle Investment Management LLC now owns 40,498,196 shares of the enterprise software provider’s stock valued at $1,657,591,000 after buying an additional 694,698 shares during the period. BlackRock Fund Advisors boosted its position in shares of Oracle Corp. by 0.9% in the second quarter. BlackRock Fund Advisors now owns 40,398,570 shares of the enterprise software provider’s stock valued at $1,653,513,000 after buying an additional 368,093 shares during the period. Magellan Asset Management Ltd boosted its position in shares of Oracle Corp. by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 27,617,584 shares of the enterprise software provider’s stock valued at $1,130,388,000 after buying an additional 415,490 shares during the period. Finally, First Pacific Advisors LLC boosted its position in shares of Oracle Corp. by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock valued at $1,091,481,000 after buying an additional 1,486,487 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

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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