Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reiterated by investment analysts at Drexel Hamilton in a note issued to investors on Monday. They presently have a $62.00 price objective on the enterprise software provider’s stock. Drexel Hamilton’s price target suggests a potential upside of 27.34% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. UBS AG reiterated a “buy” rating and set a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Wedbush raised shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $56.00 to $44.00 in a report on Thursday, June 22nd. BMO Capital Markets lifted their target price on shares of Oracle Corporation from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 22nd. Moffett Nathanson began coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Vetr raised shares of Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 price target for the company in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.33.

Shares of Oracle Corporation (ORCL) opened at 48.69 on Monday. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The firm has a market cap of $203.19 billion, a P/E ratio of 21.18 and a beta of 1.05. The stock’s 50 day moving average is $49.53 and its 200-day moving average is $47.47.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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In related news, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the sale, the insider now directly owns 783,533 shares in the company, valued at $39,537,075.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dorian Daley sold 23,297 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.00, for a total value of $1,141,553.00. Following the completion of the sale, the executive vice president now owns 54,274 shares of the company’s stock, valued at $2,659,426. The disclosure for this sale can be found here. Insiders sold a total of 979,073 shares of company stock valued at $48,914,665 in the last three months. Insiders own 29.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Waldron LP lifted its position in Oracle Corporation by 344.1% during the first quarter. Waldron LP now owns 34,947 shares of the enterprise software provider’s stock worth $1,558,000 after purchasing an additional 27,077 shares during the period. IFC Holdings Incorporated FL raised its position in shares of Oracle Corporation by 2.1% in the 1st quarter. IFC Holdings Incorporated FL now owns 12,321 shares of the enterprise software provider’s stock valued at $550,000 after buying an additional 256 shares in the last quarter. Foster & Motley Inc. raised its position in shares of Oracle Corporation by 2.7% in the 1st quarter. Foster & Motley Inc. now owns 231,940 shares of the enterprise software provider’s stock valued at $10,347,000 after buying an additional 6,200 shares in the last quarter. Harwood Advisory Group LLC raised its position in shares of Oracle Corporation by 0.5% in the 1st quarter. Harwood Advisory Group LLC now owns 43,202 shares of the enterprise software provider’s stock valued at $1,927,000 after buying an additional 211 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Oracle Corporation by 0.8% in the 1st quarter. Fisher Asset Management LLC now owns 11,724,599 shares of the enterprise software provider’s stock valued at $523,034,000 after buying an additional 96,955 shares in the last quarter. Hedge funds and other institutional investors own 58.66% of the company’s stock.

Oracle Corporation 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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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