Oracle Co. (NYSE:ORCL) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $47.09 price target on the enterprise software provider’s stock. Vetr‘s target price would suggest a potential upside of 4.11% from the company’s current price.
A number of other brokerages have also recently commented on ORCL. Wedbush restated a “neutral” rating and set a $43.00 price objective (up previously from $42.00) on shares of Oracle in a research note on Monday, March 13th. Canaccord Genuity restated a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of Oracle in a research note on Tuesday, March 14th. Jefferies Group LLC boosted their price objective on Oracle to $52.00 in a research note on Thursday. BTIG Research restated a “buy” rating and set a $47.00 price objective on shares of Oracle in a research note on Sunday, December 4th. Finally, DA Davidson set a $52.00 price objective on Oracle and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Oracle has an average rating of “Buy” and an average price target of $45.81.
Shares of Oracle (NYSE:ORCL) traded down 0.94% during mid-day trading on Monday, hitting $45.23. The company had a trading volume of 21,452,575 shares. Oracle has a 52-week low of $37.62 and a 52-week high of $46.99. The stock’s 50-day moving average is $41.91 and its 200-day moving average is $40.00. The stock has a market cap of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Equities analysts forecast that Oracle will post $2.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th will be paid a dividend of $0.19 per share. This is an increase from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, April 10th. Oracle’s payout ratio is 28.99%.
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In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $39.09, for a total transaction of $146,587.50. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $323,704.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the sale, the director now directly owns 52,654 shares in the company, valued at $2,038,762.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,188,000 shares of company stock worth $54,809,425. Company insiders own 29.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. LVM Capital Management Ltd. MI increased its position in Oracle by 7.8% in the third quarter. LVM Capital Management Ltd. MI now owns 8,675 shares of the enterprise software provider’s stock worth $352,000 after buying an additional 625 shares during the period. Washington Trust Bank increased its position in Oracle by 3.6% in the third quarter. Washington Trust Bank now owns 83,917 shares of the enterprise software provider’s stock worth $3,296,000 after buying an additional 2,881 shares during the period. West Oak Capital LLC increased its position in Oracle by 2.0% in the third quarter. West Oak Capital LLC now owns 39,435 shares of the enterprise software provider’s stock worth $1,549,000 after buying an additional 790 shares during the period. Eqis Capital Management Inc. increased its position in Oracle by 2.6% in the third quarter. Eqis Capital Management Inc. now owns 44,999 shares of the enterprise software provider’s stock worth $1,768,000 after buying an additional 1,121 shares during the period. Finally, Fulton Bank N.A. increased its position in Oracle by 2.5% in the third quarter. Fulton Bank N.A. now owns 50,768 shares of the enterprise software provider’s stock worth $1,994,000 after buying an additional 1,227 shares during the period. 57.95% of the stock is currently owned by institutional investors and hedge funds.
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.
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