Societe Generale set a $46.00 price objective on Oracle Corp. (NYSE:ORCL) in a research report released on Monday morning. The brokerage currently has a a buy rating on the enterprise software provider’s stock.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

Several other equities analysts also recently weighed in on the company. SunTrust Banks Inc. set a $48.00 target price on Oracle Corp. and gave the stock a buy rating in a research report on Saturday, September 17th. Rosenblatt Securities set a $48.00 target price on Oracle Corp. and gave the stock a buy rating in a research report on Saturday, September 17th. DA Davidson reiterated a buy rating and set a $52.00 target price on shares of Oracle Corp. in a research report on Saturday, September 17th. Vetr upgraded Oracle Corp. from a buy rating to a strong-buy rating and set a $44.65 target price on the stock in a research report on Monday. Finally, TheStreet downgraded Oracle Corp. from a buy rating to a hold rating in a research report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently 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. The stock’s 50 day moving average price is $40.80 and its 200-day moving average price is $40.34. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts forecast that Oracle Corp. will post $2.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Oracle Corp.’s dividend payout ratio is 28.57%.

In other Oracle Corp. news, 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 owns 8,281 shares in the company, valued at $345,980.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 119,645 shares in the company, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Union Bankshares Corp increased 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 period. Eqis Capital Management Inc. increased its position in shares of Oracle Corp. by 1.6% in the first quarter. Eqis Capital Management Inc. now owns 42,689 shares of the enterprise software provider’s stock worth $1,746,000 after buying an additional 677 shares during the period. LGT Capital Partners LTD. increased its position in shares of Oracle Corp. by 28.4% in the first quarter. LGT Capital Partners LTD. now owns 740,372 shares of the enterprise software provider’s stock worth $30,289,000 after buying an additional 163,670 shares during the period. CENTRAL TRUST Co purchased a new position in shares of Oracle Corp. during the first quarter worth approximately $3,260,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Oracle Corp. by 2.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 728,982 shares of the enterprise software provider’s stock worth $29,823,000 after buying an additional 20,682 shares during the period. Hedge funds and other 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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