Oracle Corp. (NYSE:ORCL) had its price objective lowered by BMO Capital Markets from $47.00 to $46.00 in a report released on Friday. The firm currently has an outperform rating on the enterprise software provider’s stock.

Several other research analysts also recently commented on the stock. Citigroup Inc. reissued a hold rating on shares of Oracle Corp. in a report on Saturday, June 18th. Jefferies Group reissued a buy rating and issued a $50.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Credit Agricole SA reissued a sell rating on shares of Oracle Corp. in a report on Friday, June 17th. Canaccord Genuity reissued a buy rating and issued a $45.00 price target on shares of Oracle Corp. in a report on Friday, June 17th. Finally, Wedbush reissued a neutral rating and issued a $40.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Two 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 issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.115 on Friday. The company has a 50-day moving average price of $41.07 and a 200-day moving average price of $40.28. The firm has a market capitalization of $161.26 billion, a P/E ratio of 18.896 and a beta of 1.08. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.

Oracle Corp. (NYSE:ORCL) last released 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. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The business earned $8.60 billion during the quarter. During the same period last year, the company earned $0.53 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that Oracle Corp. will post $2.65 EPS for the current year.

The business also recently declared 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. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio is presently 28.57%.

In other Oracle Corp. news, Director Naomi O. Seligman sold 25,000 shares of the firm’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 transaction, the director now owns 32,654 shares of the company’s stock, valued at approximately $1,330,323.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $40.16, for a total transaction of $150,600.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $332,564.96. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BLB&B Advisors LLC increased its position in Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock worth $397,000 after buying an additional 28 shares during the period. Point View Wealth Management Inc. increased its position in Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock worth $285,000 after buying an additional 37 shares during the period. Enterprise Financial Services Corp increased its position in Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock worth $305,000 after buying an additional 62 shares during the period. Bollard Group LLC increased its position in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 69 shares during the period. Finally, Lourd Capital LLC increased its position in Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock worth $321,000 after buying an additional 92 shares during the period. 58.00% of the stock is currently 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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