William Blair reaffirmed their market perform rating on shares of Oracle Corp. (NYSE:ORCL) in a research note released on Friday morning.

Several other analysts also recently commented on the stock. Vetr upgraded shares of Oracle Corp. from a buy rating to a strong-buy rating and set a $45.46 price target for the company in a research report on Monday, September 12th. Barclays PLC reissued a buy rating on shares of Oracle Corp. in a research note on Monday, September 12th. Zacks Investment Research cut shares of Oracle Corp. from a hold rating to a sell rating in a research note on Tuesday, September 6th. Atlantic Securities cut shares of Oracle Corp. from an overweight rating to a neutral rating and dropped their price objective for the company from $48.00 to $44.00 in a research note on Tuesday, July 19th. Finally, Jefferies Group reissued a buy rating on shares of Oracle Corp. in a research note on Wednesday, July 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corp. currently has an average rating of Buy and a consensus price target of $44.88.

Oracle Corp. (NYSE:ORCL) opened at 39.07 on Friday. The stock has a market capitalization of $160.93 billion, a P/E ratio of 18.56 and a beta of 1.08. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The stock has a 50 day moving average of $40.87 and a 200 day moving average of $40.35.

Oracle Corp. (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS 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 22.10%. The business earned $8.60 billion during the quarter. During the same period last year, the business posted $0.53 EPS. Oracle Corp.’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect that Oracle Corp. will post $2.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. 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 dividend payout ratio is currently 28.57%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the transaction, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Oracle Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 192,375,888 shares of the enterprise software provider’s stock worth $7,873,946,000 after buying an additional 812,821 shares during the last quarter. First Eagle Investment Management LLC raised its position in Oracle Corp. by 1.7% in the second quarter. First Eagle Investment Management LLC now owns 40,498,196 shares of the enterprise software provider’s stock worth $1,657,591,000 after buying an additional 694,698 shares during the last quarter. BlackRock Fund Advisors raised its position in Oracle Corp. by 0.9% in the second quarter. BlackRock Fund Advisors now owns 40,398,570 shares of the enterprise software provider’s stock worth $1,653,513,000 after buying an additional 368,093 shares during the last quarter. Magellan Asset Management Ltd raised its position in Oracle Corp. by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 27,617,584 shares of the enterprise software provider’s stock worth $1,130,388,000 after buying an additional 415,490 shares during the last quarter. Finally, First Pacific Advisors LLC raised its position in Oracle Corp. by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock worth $1,091,481,000 after buying an additional 1,486,487 shares during the last quarter. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

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