Oracle Corp. (ORCL) Stock Rating Reaffirmed by William Blair
Oracle Corp. (NYSE:ORCL)‘s stock had its “market perform” rating restated by stock analysts at William Blair in a research report issued to clients and investors on Friday.
Several other equities analysts have also issued reports on ORCL. Citigroup Inc. reissued a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. Morgan Stanley reissued an “equal weight” rating and set a $41.00 price objective on shares of Oracle Corp. in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Oracle Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Evercore ISI raised shares of Oracle Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Oracle Corp. in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.88.
Shares of Oracle Corp. (NYSE:ORCL) opened at 39.23 on Friday. The stock has a market capitalization of $161.73 billion, a price-to-earnings ratio of 18.95 and a beta of 1.08. The stock has a 50 day moving average price of $40.93 and a 200 day moving average price of $40.34. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings data 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. The business had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that Oracle Corp. will post $2.65 EPS for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio is presently 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the stock in a transaction that occurred on 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 directly owns 119,645 shares in the company, valued at $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 large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Oracle Corp. during the second quarter worth approximately $540,085,000. Caisse DE Depot ET Placement DU Quebec increased 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 during the period. Bank of Montreal Can bought a new position in Oracle Corp. during the second quarter worth approximately $126,162,000. Loomis Sayles & Co. L P increased 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 during the period. Finally, Schroder Investment Management Group increased 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 during the period. 58.00% of the stock is currently owned by institutional investors.
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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