Oracle (NYSE:ORCL) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They presently have a $51.82 target price on the enterprise software provider’s stock. Vetr‘s target price would suggest a potential upside of 3.17% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity started coverage on shares of Oracle in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price target on the stock. Goldman Sachs Group set a $56.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp reissued a “buy” rating on shares of Oracle in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating on shares of Oracle in a research note on Sunday, October 22nd. Finally, BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $55.27.

Shares of Oracle (ORCL) opened at $50.23 on Wednesday. The stock has a market cap of $209,630.00, a PE ratio of 21.56, a PEG ratio of 1.89 and a beta of 1.05. Oracle has a 1 year low of $39.10 and a 1 year high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. research analysts expect that Oracle will post 2.68 EPS for the current fiscal year.

Oracle declared that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The disclosure for this sale can be found here. Insiders sold 111,250 shares of company stock worth $5,310,063 over the last quarter. 29.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its holdings in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors lifted its holdings in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after purchasing an additional 2,436 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Oracle during the second quarter worth $129,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Oracle during the second quarter worth $133,000. Institutional investors and hedge funds own 57.89% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Oracle (NYSE:ORCL)

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