Oracle Corp. (ORCL) Given a $46.00 Price Target by Cowen and Company Analysts
ORCL has been the subject of several other research reports. Goldman Sachs Group Inc. reissued a buy rating and issued a $48.00 price target on shares of Oracle Corp. in a research report on Friday, June 10th. Zacks Investment Research lowered shares of Oracle Corp. from a buy rating to a hold rating in a report on Tuesday, August 23rd. Vetr raised shares of Oracle Corp. from a buy rating to a strong-buy rating and set a $46.33 price objective for the company in a report on Tuesday, September 6th. Credit Agricole SA reaffirmed a sell rating on shares of Oracle Corp. in a report on Friday, June 17th. Finally, Jefferies Group reaffirmed a buy rating and set a $51.00 price objective on shares of Oracle Corp. in a report on Tuesday, September 13th. Three equities 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 company. The stock has an average rating of Buy and an average price target of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Friday. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The company has a market cap of $162.74 billion, a PE ratio of 18.77 and a beta of 1.08. The firm 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 posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business earned $8.60 billion during the quarter. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the 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 in the company, valued at $345,980.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the 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 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. 28.00% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the stock. Camarda Financial Advisors LLC increased 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 valued at $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in shares of Oracle Corp. during the second quarter valued at approximately $102,000. WESPAC Advisors SoCal LLC increased 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 valued at $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX increased 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 valued at $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC increased 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 valued at $124,000 after buying an additional 963 shares in the last quarter. 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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