TheStreet downgraded shares of Oracle Corp. (NYSE:ORCL) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

ORCL has been the topic of several other reports. BTIG Research reissued a buy rating and set a $47.00 price target on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr lowered Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price target on the stock. in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reissued a neutral rating and set a $41.00 price target on shares of Oracle Corp. in a research report on Thursday, September 15th. Zacks Investment Research raised Oracle Corp. from a sell rating to a hold rating in a research report on Wednesday, September 14th. Finally, Jefferies Group reissued a positive rating and set a $51.00 price target on shares of Oracle Corp. in a research report on Monday, August 29th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corp. currently has a consensus rating of Buy and a consensus target price of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.07 on Thursday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm’s 50 day moving average is $40.87 and its 200 day moving average is $40.35. The stock has a market capitalization of $160.93 billion, a price-to-earnings ratio of 18.56 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities analysts predict that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.

In other news, Director Naomi O. Seligman sold 25,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total value of $1,018,500.00. Following the completion of the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $1,330,323.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at $332,564.96. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First American Trust FSB boosted its position in shares of Oracle Corp. by 5.4% in the first quarter. First American Trust FSB now owns 99,830 shares of the enterprise software provider’s stock worth $4,084,000 after buying an additional 5,113 shares during the last quarter. Stillwater Investment Management LLC boosted its position in shares of Oracle Corp. by 18.0% in the first quarter. Stillwater Investment Management LLC now owns 33,657 shares of the enterprise software provider’s stock worth $1,356,000 after buying an additional 5,125 shares during the last quarter. Trust Co. of Virginia VA boosted its position in shares of Oracle Corp. by 0.7% in the first quarter. Trust Co. of Virginia VA now owns 176,865 shares of the enterprise software provider’s stock worth $7,236,000 after buying an additional 1,204 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Oracle Corp. by 61.1% in the first quarter. Fulton Bank N.A. now owns 52,456 shares of the enterprise software provider’s stock worth $2,146,000 after buying an additional 19,890 shares during the last quarter. Finally, Union Bankshares Corp boosted its position in shares of Oracle Corp. by 2.1% in the first quarter. Union Bankshares Corp now owns 70,607 shares of the enterprise software provider’s stock worth $2,889,000 after buying an additional 1,458 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

About Oracle Corp.

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.

5 Day Chart for NYSE:ORCL

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