JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Oracle Corp. (NYSE:ORCL) in a report published on Thursday morning. JPMorgan Chase & Co. currently has a $41.00 price objective on the enterprise software provider’s stock.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

Several other research firms have also commented on ORCL. BTIG Research reiterated a buy rating and set a $44.00 price objective on shares of Oracle Corp. in a research note on Friday, June 17th. Vetr lowered shares of Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price objective for the company. in a research note on Wednesday, September 7th. DA Davidson initiated coverage on shares of Oracle Corp. in a research note on Monday, August 8th. They set a buy rating for the company. MKM Partners reiterated a hold rating and set a $42.00 price objective on shares of Oracle Corp. in a research note on Friday, June 10th. Finally, Citigroup Inc. reiterated a neutral rating and set a $41.00 price objective (up previously from $37.00) on shares of Oracle Corp. in a research note on Friday, June 17th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $44.88.

Oracle Corp. (NYSE:ORCL) opened at 39.07 on Thursday. The stock’s 50 day moving average is $40.87 and its 200 day moving average is $40.35. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The stock has a market cap of $160.93 billion, a PE ratio of 18.56 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data 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 firm 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. Analysts predict that Oracle Corp. will post $2.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Oracle Corp.’s dividend payout ratio is presently 28.57%.

In other news, Director Naomi O. Seligman sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 32,654 shares in the company, valued at approximately $1,330,323.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Camarda Financial Advisors LLC boosted its position 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 worth $100,000 after buying an additional 215 shares during the last quarter. Cribstone Capital Management LLC acquired a new position in shares of Oracle Corp. during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC boosted its position 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 worth $119,000 after buying an additional 500 shares during the last quarter. FCM Investments TX boosted its position 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 worth $123,000 after buying an additional 500 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position 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 worth $124,000 after buying an additional 963 shares during 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.

5 Day Chart for NYSE:ORCL

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