Drexel Hamilton reaffirmed their buy rating on shares of Oracle Corp. (NYSE:ORCL) in a research report sent to investors on Thursday. Drexel Hamilton currently has a $51.00 price target on the enterprise software provider’s stock.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

Several other equities research analysts have also recently weighed in on ORCL. Citigroup Inc. reaffirmed a hold rating on shares of Oracle Corp. in a research report on Saturday, June 18th. Jefferies Group reaffirmed a buy rating and issued a $50.00 price target on shares of Oracle Corp. in a research report on Monday, June 13th. Canaccord Genuity reaffirmed a buy rating and issued a $45.00 price target on shares of Oracle Corp. in a research report on Friday, June 17th. Credit Agricole SA reaffirmed a sell rating on shares of Oracle Corp. in a research report on Friday, June 17th. Finally, Wedbush reiterated a neutral rating and set a $40.00 price objective on shares of Oracle Corp. in a research note on Monday, June 13th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Oracle Corp. presently has a consensus rating of Buy and a consensus price target of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.07 on Thursday. The company has a 50-day moving average of $40.87 and a 200 day moving average of $40.35. The stock has a market cap of $160.93 billion, a PE ratio of 18.56 and a beta of 1.08. Oracle Corp. has a one year low of $33.13 and a one year 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 (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. Oracle Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, analysts predict that Oracle Corp. will post $2.64 earnings per share for the current year.

The company 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. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Oracle Corp.’s dividend payout ratio is currently 28.57%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at $332,564.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 25,000 shares of Oracle Corp. stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the completion of the transaction, the director now owns 32,654 shares of the company’s stock, valued at approximately $1,330,323.96. 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 modified their holdings of ORCL. 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 bought a new stake in shares of Oracle Corp. during the second quarter valued at $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.

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.

5 Day Chart for NYSE:ORCL

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