Oracle Corporation (NYSE:ORCL) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other equities analysts have also recently weighed in on the company. Credit Suisse Group initiated coverage on Oracle Corporation in a research note on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price objective on the stock. Vetr cut Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price objective on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. ValuEngine upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Oracle Corporation presently has an average rating of “Buy” and an average target price of $53.73.

Oracle Corporation (NYSE:ORCL) opened at $50.18 on Friday. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The stock has a market capitalization of $209,425.52, a price-to-earnings ratio of 19.68, a P/E/G ratio of 1.91 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the business earned $0.55 EPS. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $48.25, for a total value of $2,714,062.50. Following the transaction, the director now directly owns 66,250 shares in the company, valued at $3,196,562.50. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,822,112 in the last quarter. Corporate insiders own 29.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Oracle Corporation by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after buying an additional 450,836 shares during the period. Partnervest Advisory Services LLC increased its stake in shares of Oracle Corporation by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 39 shares during the period. Lockheed Martin Investment Management Co. increased its stake in shares of Oracle Corporation by 125.6% during the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after buying an additional 92,500 shares during the period. Boston Partners increased its stake in shares of Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the period. Finally, Pinnacle Financial Partners Inc. increased its stake in shares of Oracle Corporation by 8.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after buying an additional 9,328 shares during the period. 57.95% of the stock is currently owned by hedge funds and other institutional investors.

About Oracle Corporation

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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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