Oracle Corp. (ORCL) Stock Rating Reaffirmed by Wedbush
Oracle Corp. (NYSE:ORCL)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a note issued to investors on Friday. They presently have a $41.00 price target on the enterprise software provider’s stock. Wedbush’s target price suggests a potential upside of 4.51% from the stock’s current price.
Several other research analysts also recently commented on ORCL. Evercore ISI raised shares of Oracle Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. JMP Securities reissued a “sell” rating and set a $31.00 price target on shares of Oracle Corp. in a research note on Thursday, June 2nd. OTR Global raised shares of Oracle Corp. to a “positive” rating in a research note on Friday, June 3rd. Zacks Investment Research raised shares of Oracle Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. Finally, JPMorgan Chase & Co. restated an “underperform” rating on shares of Oracle Corp. in a report on Monday, June 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.23 on Friday. The firm has a market cap of $161.73 billion, a P/E ratio of 18.95 and a beta of 1.08. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The firm’s 50-day moving average is $40.93 and its 200 day moving average is $40.34.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. The business had revenue of $8.60 billion for the quarter. Oracle Corp. had a return on equity of 22.22% and a net margin of 24.16%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities analysts forecast that Oracle Corp. will post $2.65 earnings per share for the current year.
The firm also recently disclosed 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 1.53%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the 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 owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 25,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total value of $1,018,500.00. Following the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $1,330,323.96. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Camarda Financial Advisors LLC increased 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 worth $100,000 after buying an additional 215 shares during the last quarter. Cribstone Capital Management LLC purchased a new position in Oracle Corp. during the second quarter worth about $102,000. WESPAC Advisors SoCal LLC increased 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 worth $119,000 after buying an additional 500 shares during the last quarter. FCM Investments TX increased 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 worth $123,000 after buying an additional 500 shares during the last quarter. Finally, Proficio Capital Partners LLC increased 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 worth $124,000 after buying an additional 963 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.
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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