Drexel Hamilton reissued their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a research report report published on Tuesday morning. The firm currently has a $62.00 target price on the enterprise software provider’s stock.

A number of other research firms also recently issued reports on ORCL. Vetr downgraded Oracle Corporation from a sell rating to a strong sell rating and set a $46.58 price target for the company. in a research report on Tuesday, September 12th. Rosenblatt Securities reissued a buy rating and set a $58.00 price target on shares of Oracle Corporation in a research report on Monday, September 11th. Canaccord Genuity started coverage on Oracle Corporation in a research report on Friday, October 6th. They set a buy rating and a $57.00 price target for the company. BTIG Research reissued a buy rating and set a $58.00 price target on shares of Oracle Corporation in a research report on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on Oracle Corporation in a research report on Wednesday, September 6th. They set a buy rating and a $65.00 price target for the company. Eleven analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $54.85.

Oracle Corporation (NYSE:ORCL) opened at $48.58 on Tuesday. The company has a market capitalization of $202,747.95, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.85 and a beta of 1.07. Oracle Corporation has a 12 month low of $37.64 and a 12 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.

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

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The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.

In other news, EVP Dorian Daley sold 25,776 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the sale, the executive vice president now directly owns 30,977 shares in the company, valued at approximately $1,488,444.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 56,250 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $48.25, for a total value of $2,714,062.50. Following the sale, the director now owns 66,250 shares in the company, valued at $3,196,562.50. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,821,999 over the last quarter. Insiders own 29.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Keel Point LLC grew its holdings in Oracle Corporation by 0.3% in the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after buying an additional 14 shares in the last quarter. Alpha Windward LLC grew its holdings in Oracle Corporation by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after buying an additional 19 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in Oracle Corporation by 0.3% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after buying an additional 24 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Oracle Corporation by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after buying an additional 35 shares in the last quarter. Finally, Partnervest Advisory Services LLC grew its holdings in Oracle Corporation by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 58.09% of the company’s stock.

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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