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 report issued on Tuesday. The brokerage currently has a $51.00 price objective on the enterprise software provider’s stock.
Several other equities research analysts have also commented on ORCL. Vetr upgraded Oracle Corp. from a buy rating to a strong-buy rating and set a $45.46 price objective on the stock in a research report on Monday, September 12th. Barclays PLC restated a buy rating on shares of Oracle Corp. in a research report on Monday, September 12th. Zacks Investment Research lowered Oracle Corp. from a hold rating to a sell rating in a research report on Tuesday, September 6th. Atlantic Securities lowered Oracle Corp. from an overweight rating to a neutral rating and lowered their price objective for the stock from $48.00 to $44.00 in a research report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. upgraded Oracle Corp. from an underweight rating to a neutral rating and upped their price objective for the stock from $37.00 to $38.00 in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $44.96.
Shares of Oracle Corp. (NYSE:ORCL) opened at 38.92 on Tuesday. The stock has a market cap of $160.46 billion, a PE 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 firm’s 50-day moving average is $41.07 and its 200 day moving average is $40.28.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.22% and a net margin of 24.16%. The business earned $8.60 billion during the quarter. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Oracle Corp. will post $2.65 EPS for the current year.
The company 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. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Oracle Corp.’s payout ratio is 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at $332,564.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. 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 about $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.
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.
Receive News & Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.