Oracle Corporation (NYSE:ORCL) announced its quarterly earnings data on Thursday. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02, Bloomberg Earnings reports. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Oracle Corporation updated its Q2 guidance to $0.64-0.68 EPS.

Shares of Oracle Corporation (NYSE:ORCL) opened at 52.86 on Friday. The firm has a market cap of $218.67 billion, a PE ratio of 23.92 and a beta of 1.05. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The firm has a 50-day moving average price of $50.01 and a 200-day moving average price of $46.93.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,587.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,813,750 shares of company stock valued at $91,393,788 in the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC grew its holdings in shares of Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors grew its holdings in shares of Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Oracle Corporation by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares during the period. Baystate Wealth Management LLC grew its holdings in shares of Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the period. Hedge funds and other institutional investors own 58.67% of the company’s stock.

A number of research analysts recently weighed in on the company. UBS AG reissued a “buy” rating and set a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Drexel Hamilton reissued a “buy” rating and set a $62.00 target price on shares of Oracle Corporation in a report on Thursday. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Thursday. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $56.00 to $44.00 in a report on Thursday, June 22nd. Finally, BMO Capital Markets boosted their target price on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.76.

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About Oracle Corporation

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.

Earnings History for Oracle Corporation (NYSE:ORCL)

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