Equities researchers at Wells Fargo & Company initiated coverage on shares of Oracle Corporation (NYSE:ORCL) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating on the enterprise software provider’s stock.

A number of other equities research analysts have also weighed in on ORCL. Jefferies Group reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Oracle Corporation in a report on Tuesday, September 13th. Zacks Investment Research raised Oracle Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. JMP Securities reissued an “outperform” rating on shares of Oracle Corporation in a research note on Wednesday, September 14th. MKM Partners reissued a “neutral” rating and set a $42.00 price target on shares of Oracle Corporation in a research note on Wednesday, September 14th. Finally, Vetr lowered Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $45.08 price target on the stock. in a research note on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.15.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) opened at 39.20 on Wednesday. Oracle Corporation has a 12 month low of $33.13 and a 12 month high of $42.00. The company has a 50-day moving average price of $39.39 and a 200 day moving average price of $39.87. The stock has a market capitalization of $160.81 billion, a price-to-earnings ratio of 18.71 and a beta of 1.17.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The company had revenue of $9.07 billion for the quarter. During the same period in the prior year, the firm posted $0.63 EPS. Oracle Corporation’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts predict that Oracle Corporation will post $2.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be given a $0.15 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Oracle Corporation’s payout ratio is 28.99%.

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In other Oracle Corporation news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total value of $1,742,400.00. Following the completion of the sale, the director now owns 52,654 shares in the company, valued at approximately $2,038,762.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $40.85, for a total transaction of $153,187.50. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $338,278.85. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Oracle Corporation by 0.4% in the second quarter. Vanguard Group Inc. now owns 192,375,888 shares of the enterprise software provider’s stock worth $7,873,946,000 after buying an additional 812,821 shares during the last quarter. BlackRock Fund Advisors increased its position in Oracle Corporation by 1.5% in the third quarter. BlackRock Fund Advisors now owns 40,999,539 shares of the enterprise software provider’s stock worth $1,610,462,000 after buying an additional 600,969 shares in the last quarter. First Eagle Investment Management LLC increased its position in Oracle Corporation by 1.7% in the second quarter. First Eagle Investment Management LLC now owns 40,498,196 shares of the enterprise software provider’s stock worth $1,657,591,000 after buying an additional 694,698 shares in the last quarter. Magellan Asset Management Ltd increased its position in Oracle Corporation by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 27,617,584 shares of the enterprise software provider’s stock worth $1,130,388,000 after buying an additional 415,490 shares in the last quarter. Finally, First Pacific Advisors LLC increased its position in Oracle Corporation by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock worth $1,091,481,000 after buying an additional 1,486,487 shares in the last quarter. Institutional investors own 56.93% of the company’s stock.

Oracle Corporation 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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