Oracle Corp. (NYSE:ORCL)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital Markets in a research report issued to clients and investors on Friday. They presently have a $42.00 price objective on the enterprise software provider’s stock, down from their prior price objective of $43.00. RBC Capital Markets’ price objective suggests a potential upside of 7.06% from the company’s current price.

Other research analysts have also recently issued reports about the company. BTIG Research reaffirmed a “buy” rating and issued a $47.00 target price on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr cut Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price for the company. in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $41.00 target price 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 reaffirmed a “positive” rating and issued a $51.00 target price on shares of Oracle Corp. in a research report on Monday, August 29th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.88.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.23 on Friday. The company has a 50-day moving average of $40.93 and a 200 day moving average of $40.34. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The firm has a market cap of $161.73 billion, a P/E ratio of 18.95 and a beta of 1.08.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The business earned $8.60 billion during the quarter. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Oracle Corp. will post $2.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.

In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 32,654 shares in the company, valued at approximately $1,330,323.96. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ORCL. Check Capital Management Inc. CA raised its position in Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock worth $29,229,000 after buying an additional 12,676 shares during the last quarter. DAVENPORT & Co LLC raised its position in Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock worth $34,898,000 after buying an additional 64,091 shares during the last quarter. National Pension Service raised its position in Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock worth $72,217,000 after buying an additional 71,804 shares during the last quarter. AXA raised its position in Oracle Corp. by 0.3% in the first quarter. AXA now owns 1,814,706 shares of the enterprise software provider’s stock worth $74,240,000 after buying an additional 4,952 shares during the last quarter. Finally, Factory Mutual Insurance Co. raised its position in Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

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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