Oracle Co. (NYSE:ORCL) – Jefferies Group lifted their Q1 2019 earnings estimates for Oracle in a note issued to investors on Tuesday. Jefferies Group analyst J. Difucci now forecasts that the enterprise software provider will post earnings per share of $0.62 for the quarter, up from their prior estimate of $0.56. Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for Oracle’s Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.93 EPS.

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Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS.

Several other research firms have also recently weighed in on ORCL. Barclays raised their target price on shares of Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, March 12th. They noted that the move was a valuation call. OTR Global cut shares of Oracle to a “positive” rating in a research note on Friday, March 9th. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a research note on Saturday, March 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Finally, Instinet assumed coverage on shares of Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price for the company. Fifteen analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $56.11.

Oracle stock traded down $0.40 on Thursday, reaching $45.49. 8,404,831 shares of the company traded hands, compared to its average volume of 17,282,736. The stock has a market capitalization of $194,644.09, a PE ratio of 55.60, a price-to-earnings-growth ratio of 1.78 and a beta of 1.05. Oracle has a 52 week low of $43.60 and a 52 week high of $53.48. The company has a quick ratio of 5.04, a current ratio of 4.33 and a debt-to-equity ratio of 1.16.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.67%. Oracle’s dividend payout ratio is presently 92.68%.

Oracle declared that its board has approved a stock repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $945,943.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the sale, the director now owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,856,250 shares of company stock valued at $93,571,688. 29.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its holdings in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. raised its stake in shares of Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Oracle by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $133,000. Institutional investors own 57.93% of the company’s stock.

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About Oracle

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.

Earnings History and Estimates for Oracle (NYSE:ORCL)

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