Oracle Corp. (ORCL) Given a $46.00 Price Target at Societe Generale
Societe Generale set a $46.00 price objective on Oracle Corp. (NYSE:ORCL) in a research report sent to investors on Monday morning. The brokerage currently has a a buy rating on the enterprise software provider’s stock.
A number of other research analysts have 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 on the stock in a report on Monday, September 12th. Barclays PLC restated a buy rating on shares of Oracle Corp. in a report on Monday, September 12th. Zacks Investment Research cut shares of Oracle Corp. from a hold rating to a sell rating in a report on Tuesday, September 6th. Atlantic Securities cut shares of Oracle Corp. from an overweight rating to a neutral rating and cut their price target for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. Finally, Jefferies Group restated a buy rating on shares of Oracle Corp. in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. The firm has a 50-day moving average of $40.80 and a 200 day moving average of $40.34. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The stock has a market capitalization of $162.74 billion, a PE ratio of 18.77 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 Zacks’ 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 had revenue of $8.60 billion for the quarter. During the same quarter last year, the business earned $0.53 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given 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 dividend payout ratio is presently 28.57%.
In other news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total value 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 disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Camarda Financial Advisors LLC increased its position in shares of 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 worth $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC bought a new position in shares of Oracle Corp. during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC increased its position in shares of 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 worth $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX increased its position in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of 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 worth $124,000 after buying an additional 963 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.
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.
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