Oracle (NYSE:ORCL) has been given a $55.00 target price by stock analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the enterprise software provider’s stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 9.89% from the company’s current price.

ORCL has been the topic of several other research reports. Jefferies Group raised their price target on Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Credit Suisse Group began coverage on Oracle in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target on the stock. Vetr raised Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a report on Monday, November 13th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, BidaskClub raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.14.

Oracle (NYSE ORCL) opened at $50.05 on Tuesday. The company has a market capitalization of $210,301.95, a P/E ratio of 19.76, a PEG ratio of 1.92 and a beta of 1.05. 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 has a 12-month low of $38.30 and a 12-month high of $53.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. research analysts expect that Oracle will post 2.68 earnings per share for the current year.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 76,703 shares of Oracle stock in a transaction on Wednesday, October 4th. The shares were 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. 29.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Keel Point LLC lifted its position in shares of Oracle by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after buying an additional 14 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Oracle by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after buying an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after buying an additional 35 shares during the last quarter. Partnervest Advisory Services LLC lifted its position in shares of Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after buying an additional 39 shares during the last quarter. Finally, Pointe Capital Management LLC lifted its position in shares of Oracle by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after buying an additional 45 shares during the last quarter. 57.70% of the stock is owned by hedge funds and other institutional investors.

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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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