Oracle Corp. (ORCL) Price Target Cut to $45.00
Oracle Corp. (NYSE:ORCL) had its target price reduced by research analysts at Stifel Nicolaus from $48.00 to $45.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 13.90% from the company’s previous close.
A number of other equities research analysts also recently issued reports on ORCL. Evercore ISI raised shares of Oracle Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. JMP Securities reissued a “sell” rating and issued a $31.00 price target on shares of Oracle Corp. in a report on Thursday, June 2nd. OTR Global raised shares of Oracle Corp. to a “positive” rating in a report on Friday, June 3rd. Zacks Investment Research raised shares of Oracle Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Finally, JPMorgan Chase & Co. reissued an “underperform” rating on shares of Oracle Corp. in a report on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Oracle Corp. has an average rating of “Buy” and an average price target of $44.89.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Friday. The firm has a market cap of $162.74 billion, a P/E ratio of 18.77 and a beta of 1.08. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The stock has a 50 day moving average of $40.80 and a 200-day moving average of $40.34.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid 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 currently 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $41.12, for a total transaction of $154,200.00. Following the completion of the sale, the director now directly owns 8,281 shares in the company, valued at approximately $340,514.72. The transaction was disclosed in a filing with the SEC, which is available at 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 sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ORCL. Camarda Financial Advisors LLC increased 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 worth $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 worth about $102,000. WESPAC Advisors SoCal LLC increased 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 worth $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX increased 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 worth $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC increased 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 worth $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.
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