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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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.

Analyst Recommendations for Oracle (NYSE:ORCL)

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