Oracle Corp. (ORCL) Stock Rating Reaffirmed by Deutsche Bank AG
Several other brokerages also recently weighed in on ORCL. Sanford C. Bernstein reiterated an outperform rating and issued a $51.00 price objective on shares of Oracle Corp. in a research report on Friday, July 15th. Macquarie reiterated an outperform rating on shares of Oracle Corp. in a research report on Tuesday, July 19th. Atlantic Securities downgraded Oracle Corp. from an overweight rating to a neutral rating and lowered their price objective for the company from $48.00 to $44.00 in a research report on Tuesday, July 19th. BTIG Research boosted their price objective on Oracle Corp. from $44.00 to $47.00 and gave the company a buy rating in a research report on Thursday, July 14th. Finally, Vetr downgraded Oracle Corp. from a buy rating to a hold rating and set a $41.24 target price for the company. in a report on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $44.76.
Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%. Oracle Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share.
The business 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. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated 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 directly owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the transaction, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Camarda Financial Advisors LLC raised its position in shares of 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 acquired a new position in shares of Oracle Corp. during the second quarter valued at about $102,000. WESPAC Advisors SoCal LLC raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. 58.24% of the stock is currently owned by 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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