Oracle Corp. (ORCL) Rating Reiterated by Credit Agricole SA
Credit Agricole SA reissued their underperform rating on shares of Oracle Corp. (NYSE:ORCL) in a research note issued to investors on Monday. The brokerage currently has a $42.00 price target on the enterprise software provider’s stock.
Several other brokerages have also commented on ORCL. Cowen and Company set a $46.00 target price on Oracle Corp. and gave the stock a buy rating in a research report on Friday, September 16th. BTIG Research reiterated a buy rating and issued a $44.00 target price on shares of Oracle Corp. in a research report on Friday, June 17th. Vetr downgraded Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price target on the stock. in a report on Wednesday, September 7th. DA Davidson initiated coverage on Oracle Corp. in a report on Monday, August 8th. They issued a buy rating on the stock. Finally, Morgan Stanley reissued a hold rating and issued a $41.00 price target on shares of Oracle Corp. in a report on Friday, September 16th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Oracle Corp. currently has an average rating of Buy and an average target price of $44.88.
Shares of Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. The firm has a 50-day moving average price of $40.80 and a 200 day moving average price of $40.34. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The firm has a market cap of $162.74 billion, a price-to-earnings ratio of 18.77 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last issued its 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. The firm earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. On average, equities research analysts anticipate that Oracle Corp. will post $2.64 earnings per share 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 given 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 yield of 1.52%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction 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 transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction on 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 approximately $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 bought and sold shares of ORCL. Camarda Financial Advisors LLC increased its position 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 position in Oracle Corp. during the second quarter valued at about $102,000. WESPAC Advisors SoCal LLC increased its position 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 increased its position 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 increased its position 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. 58.00% of the stock is currently owned by hedge funds and other institutional investors.
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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