Oracle Corp. (ORCL) Lifted to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of Oracle Corp. (NYSE:ORCL) from a buy rating to a strong-buy rating in a report issued on Monday. They currently have $44.65 target price on the enterprise software provider’s stock.
Other research analysts have also issued reports about the company. Barclays PLC reissued a buy rating and set a $48.00 price target on shares of Oracle Corp. in a research report on Monday, June 13th. Jefferies Group reissued a buy rating and set a $50.00 price target on shares of Oracle Corp. in a research report on Monday, June 13th. Nomura reissued a buy rating and set a $44.00 price target on shares of Oracle Corp. in a research report on Thursday, June 9th. Goldman Sachs Group Inc. reissued a buy rating and set a $48.00 price target on shares of Oracle Corp. in a research report on Friday, June 10th. Finally, Evercore ISI raised Oracle Corp. from a hold rating to a buy rating in a research report on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Oracle Corp. presently has an average rating of Buy and a consensus target price of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The company’s 50-day moving average price is $40.83 and its 200 day moving average price is $40.35. The firm has a market capitalization 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 earnings results 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. The company had revenue of $8.60 billion for the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts predict that Oracle Corp. will post $2.64 earnings per share for the current year.
The firm 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 $0.15 dividend. 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 is 28.57%.
In related news, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $41.12, for a total transaction of $154,200.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at $340,514.72. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORCL. Emerald Acquisition Ltd. acquired a new position in Oracle Corp. during the second quarter worth $540,085,000. Caisse DE Depot ET Placement DU Quebec raised its position in Oracle Corp. by 48.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,745,200 shares of the enterprise software provider’s stock worth $685,381,000 after buying an additional 5,430,200 shares in the last quarter. Bank of Montreal Can acquired a new position in Oracle Corp. during the second quarter worth $126,162,000. Loomis Sayles & Co. L P raised its position in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock worth $904,361,000 after buying an additional 2,888,674 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in Oracle Corp. by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock worth $396,697,000 after buying an additional 2,520,399 shares in the last quarter. Institutional investors and hedge funds 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.
To view Vetr’s full report, visit Vetr’s official website.
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