Oracle Co. (NYSE:ORCL) – Equities researchers at Oppenheimer increased their Q4 2018 earnings per share estimates for shares of Oracle in a research report issued on Tuesday. Oppenheimer analyst B. Schwartz now anticipates that the enterprise software provider will post earnings per share of $0.87 for the quarter, up from their prior estimate of $0.85. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Oracle’s Q2 2019 earnings at $0.73 EPS.

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A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Friday. TheStreet lowered shares of Oracle from a “b+” rating to a “c+” rating in a research report on Monday. JPMorgan Chase & Co. restated a “buy” rating and set a $55.00 target price on shares of Oracle in a research report on Tuesday. Nomura lowered shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Credit Suisse Group lowered their target price on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Oracle presently has an average rating of “Buy” and an average target price of $56.11.

Shares of Oracle stock traded down $0.39 on Thursday, hitting $45.50. 6,569,704 shares of the stock were exchanged, compared to its average volume of 17,165,338. The company has a current ratio of 4.33, a quick ratio of 5.04 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $194,644.09, a price-to-earnings ratio of 55.60, a PEG ratio of 1.78 and a beta of 1.05. Oracle has a twelve month low of $43.60 and a twelve month high of $53.48.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share.

Oracle announced that its Board of Directors has initiated a share buyback program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. Oracle’s dividend payout ratio (DPR) is presently 92.68%.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $945,943.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $52.00, for a total value of $5,200,000.00. Following the transaction, the executive vice president now directly owns 37,576 shares of the company’s stock, valued at approximately $1,953,952. The disclosure for this sale can be found here. Insiders have sold a total of 1,856,250 shares of company stock valued at $93,571,688 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ORCL. Beach Investment Management LLC. purchased a new stake in Oracle in the 2nd quarter valued at about $336,000. Cedar Capital LLC grew its holdings in shares of Oracle by 18.6% during the 2nd quarter. Cedar Capital LLC now owns 10,365 shares of the enterprise software provider’s stock worth $520,000 after purchasing an additional 1,624 shares during the period. Sawtooth Solutions LLC grew its holdings in shares of Oracle by 2.9% during the 2nd quarter. Sawtooth Solutions LLC now owns 6,669 shares of the enterprise software provider’s stock worth $334,000 after purchasing an additional 185 shares during the period. Alerus Financial NA grew its holdings in shares of Oracle by 10.7% during the 2nd quarter. Alerus Financial NA now owns 123,411 shares of the enterprise software provider’s stock worth $6,188,000 after purchasing an additional 11,882 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Oracle by 8.8% during the 2nd quarter. Pinnacle Associates Ltd. now owns 215,175 shares of the enterprise software provider’s stock worth $10,789,000 after purchasing an additional 17,474 shares during the period. 57.93% of the stock is owned by hedge funds and other institutional investors.

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Oracle Company Profile

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.

Earnings History and Estimates for Oracle (NYSE:ORCL)

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