Oracle Corp. (ORCL) Raised to Strong-Buy at Vetr Inc.
Vetr upgraded shares of Oracle Corp. (NYSE:ORCL) from a buy rating to a strong-buy rating in a research note issued to investors on Monday. They currently have $44.65 price objective on the enterprise software provider’s stock.
Several other brokerages also recently issued reports on ORCL. Evercore ISI upgraded shares of Oracle Corp. from a hold rating to a buy rating in a research report on Wednesday, June 1st. JMP Securities restated a sell rating and set a $31.00 price objective on shares of Oracle Corp. in a research report on Thursday, June 2nd. OTR Global upgraded shares of Oracle Corp. to a positive rating in a research report on Friday, June 3rd. Zacks Investment Research upgraded shares of Oracle Corp. from a sell rating to a hold rating in a research report on Friday, June 3rd. Finally, JPMorgan Chase & Co. restated an underperform rating on shares of Oracle Corp. in a research report on Monday, June 6th. Three 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. The company has a consensus rating of Buy and a consensus target price of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. The firm has a market capitalization of $162.74 billion, a P/E ratio of 18.77 and a beta of 1.08. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The stock has a 50 day moving average price of $40.80 and a 200 day moving average price of $40.34.
Oracle Corp. (NYSE:ORCL) last issued its 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. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm earned $8.60 billion during the quarter. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Oracle Corp. will post $2.64 EPS for the current fiscal year.
The firm also recently declared 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 1.52%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is currently 28.57%.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $345,980.18. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Camarda Financial Advisors LLC boosted its stake in Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in Oracle Corp. during the second quarter valued at about $102,000. WESPAC Advisors SoCal LLC boosted its stake in Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock valued at $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX boosted its stake in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.
Oracle Corp. 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.
To view Vetr’s full report, visit Vetr’s official website.
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