Oracle (ORCL) Downgraded by Vetr
Oracle (NYSE:ORCL) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $52.33 price objective on the enterprise software provider’s stock. Vetr‘s price objective indicates a potential upside of 3.69% from the stock’s current price.
Several other research analysts have also weighed in on the company. Royal Bank of Canada increased their price objective on Oracle to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research report on Tuesday, November 21st. UBS reiterated a “neutral” rating and issued a $55.00 price objective (down from $57.00) on shares of Oracle in a research report on Thursday, November 9th. Finally, BidaskClub lowered Oracle from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Thirteen investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.05.
Oracle (NYSE:ORCL) traded up $0.87 during trading hours on Monday, hitting $50.47. The company had a trading volume of 15,198,006 shares, compared to its average volume of 13,275,237. Oracle has a 12-month low of $38.30 and a 12-month high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The firm has a market capitalization of $207,004.89, a PE ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle 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 period in the prior year, the business posted $0.55 earnings per share. sell-side analysts forecast that Oracle will post 2.68 EPS for the current year.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 76,703 shares of Oracle stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock worth $14,821,999 in the last quarter. Insiders own 29.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ORCL. Macquarie Group Ltd. grew its holdings in shares of Oracle by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares during the last quarter. BT Investment Management Ltd purchased a new position in shares of Oracle during the second quarter worth about $459,738,000. Harris Associates L P grew its holdings in shares of Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares during the last quarter. FMR LLC grew its holdings in shares of Oracle by 24.8% during the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after buying an additional 6,577,297 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after buying an additional 5,270,359 shares during the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.
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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.
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