Oracle Corp.’s (ORCL) “Buy” Rating Reiterated at Jefferies Group
Jefferies Group reissued their buy rating on shares of Oracle Corp. (NYSE:ORCL) in a research report released on Tuesday morning. The firm currently has a $51.00 price objective on the enterprise software provider’s stock.
Several other analysts have also recently commented on ORCL. Zacks Investment Research cut Oracle Corp. from a hold rating to a sell rating in a research report on Wednesday, May 18th. Evercore ISI upgraded Oracle Corp. from a hold rating to a buy rating in a research report on Wednesday, June 1st. JMP Securities restated a sell rating and issued a $31.00 target price on shares of Oracle Corp. in a research report on Thursday, June 2nd. OTR Global upgraded Oracle Corp. to a positive rating in a research report on Friday, June 3rd. Finally, JPMorgan Chase & Co. restated an underperform rating on shares of Oracle Corp. in a research report on Monday, June 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Oracle Corp. presently has an average rating of Buy and an average target price of $44.96.
Shares of Oracle Corp. (NYSE:ORCL) opened at 38.92 on Tuesday. The stock has a market capitalization of $160.46 billion, a P/E ratio of 18.80 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 stock has a 50 day moving average price of $41.07 and a 200 day moving average price of $40.28.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results 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 return on equity of 22.22% and a net margin of 24.16%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. On average, analysts anticipate that Oracle Corp. will post $2.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at approximately $345,980.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 25,000 shares of the company’s stock in a transaction on 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 sale, 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. Company insiders own 28.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ORCL. Camarda Financial Advisors LLC boosted its stake 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 in the last quarter. Cribstone Capital Management LLC purchased a new stake in Oracle Corp. during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC boosted its stake 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 in the last quarter. FCM Investments TX boosted its stake 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 in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake 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 in the last quarter. Institutional investors and hedge funds 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.
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