Barclays PLC reiterated their overweight rating on shares of Oracle Corp. (NYSE:ORCL) in a report released on Monday. Barclays PLC currently has a $48.00 target price on the enterprise software provider’s stock.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

A number of other analysts have also recently issued reports on the company. Credit Agricole SA reissued an underperform rating and set a $42.00 price objective on shares of Oracle Corp. in a research report on Monday. Societe Generale set a $46.00 price target on Oracle Corp. and gave the stock a buy rating in a research report on Monday. SunTrust Banks Inc. set a $48.00 price target on Oracle Corp. and gave the stock a buy rating in a research report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price target on Oracle Corp. and gave the stock a buy rating in a research report on Saturday, September 17th. Finally, DA Davidson reaffirmed a buy rating and issued a $52.00 price target on shares of Oracle Corp. in a research report on Saturday, September 17th. Three 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 assigned a strong buy rating to the company’s stock. Oracle Corp. has an average rating of Buy and an average price target of $44.88.

Shares of Oracle Corp. (NYSE:ORCL) opened at 39.51 on Monday. Oracle Corp. has a 52 week low of $33.13 and a 52 week 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. The firm’s 50-day moving average price is $40.80 and its 200-day moving average price is $40.34.

Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data 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. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts expect that Oracle Corp. will post $2.64 EPS for the current fiscal 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 given 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 payout ratio is 28.57%.

In other news, EVP John F. Fowler sold 500,000 shares of Oracle Corp. 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 completion of the sale, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Monday, August 15th. The shares were 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 owns 8,281 shares of the company’s stock, valued at $340,514.72. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in ORCL. Check Capital Management Inc. CA boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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. boosted its position 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. Institutional investors 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.

5 Day Chart for NYSE:ORCL

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