Royal Bank of Canada set a $53.00 price objective on Oracle (NYSE:ORCL) in a report released on Tuesday morning. The brokerage currently has a buy rating on the enterprise software provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Moffett Nathanson began coverage on shares of Oracle in a report on Wednesday, September 6th. They issued a buy rating and a $65.00 price objective for the company. Vetr raised shares of Oracle from a strong sell rating to a sell rating and set a $46.58 price objective for the company in a report on Monday, September 18th. Zacks Investment Research raised shares of Oracle from a hold rating to a buy rating and set a $54.00 price objective for the company in a report on Friday, August 18th. BidaskClub downgraded shares of Oracle from a buy rating to a hold rating in a report on Wednesday, September 20th. Finally, Credit Suisse Group reaffirmed an overweight rating and issued a $62.00 price objective on shares of Oracle in a report on Monday, September 18th. Thirteen investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $55.05.

Shares of Oracle (NYSE:ORCL) opened at $50.39 on Tuesday. The firm has a market cap of $207,004.89, a PE ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05. Oracle has a 1-year low of $38.30 and a 1-year 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 (NYSE:ORCL) last posted 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 business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. analysts forecast that Oracle will post 2.68 EPS for the current fiscal year.

In other Oracle news, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,821,999 over the last ninety days. Insiders own 29.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ORCL. Macquarie Group Ltd. increased its holdings in shares of Oracle by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares during the period. BT Investment Management Ltd acquired a new position in Oracle in the second quarter worth approximately $459,738,000. Harris Associates L P increased its holdings in Oracle by 17.9% in 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 increased its holdings in Oracle by 24.8% in 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. increased its holdings in Oracle by 2.6% in 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 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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