Oracle Corp. (ORCL) Receives “Overweight” Rating from Barclays PLC
Barclays PLC restated their overweight rating on shares of Oracle Corp. (NYSE:ORCL) in a research report report published on Monday. The firm currently has a $48.00 price target on the enterprise software provider’s stock.
ORCL has been the topic of several other research reports. BTIG Research reiterated a buy rating and set a $47.00 price target on shares of Oracle Corp. in a report on Monday, August 22nd. Vetr lowered shares of Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price objective on the stock. in a report on Wednesday, September 7th. JPMorgan Chase & Co. restated a neutral rating and issued a $41.00 price objective on shares of Oracle Corp. in a report on Thursday, September 15th. TheStreet lowered shares of Oracle Corp. from a buy rating to a hold rating in a report on Thursday, September 15th. Finally, Zacks Investment Research upgraded shares of Oracle Corp. from a sell rating to a hold rating in a report on Wednesday, September 14th. Three investment 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 issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $44.88.
Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The firm’s 50-day moving average is $40.80 and its 200 day moving average is $40.34. The company 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 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. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts expect that Oracle Corp. will post $2.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date 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 (DPR) is currently 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at approximately $332,564.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the firm’s 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 owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of ORCL. Check Capital Management Inc. CA raised its stake in shares of Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock worth $29,229,000 after buying an additional 12,676 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock worth $34,898,000 after buying an additional 64,091 shares during the period. National Pension Service raised its stake in shares of Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock worth $72,217,000 after buying an additional 71,804 shares during the period. AXA raised its stake in shares of Oracle Corp. by 0.3% in the first quarter. AXA now owns 1,814,706 shares of the enterprise software provider’s stock worth $74,240,000 after buying an additional 4,952 shares during the period. Finally, Factory Mutual Insurance Co. raised its stake in shares of Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 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.
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