Oracle Corporation (NYSE:ORCL)‘s stock had its “hold” rating restated by Oppenheimer Holdings, Inc. in a research note issued to investors on Friday.

Several other research analysts have also issued reports on the company. Bank of America Corporation decreased their target price on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, June 23rd. KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a research report on Wednesday, July 5th. Finally, OTR Global raised Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus price target of $52.44.

Shares of Oracle Corporation (NYSE ORCL) opened at 48.74 on Friday. The firm has a market cap of $201.62 billion, a PE ratio of 22.05 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 $49.96 and a 200-day moving average price of $46.98.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the company posted $0.55 EPS. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post $2.94 earnings per share for the current year.

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In related news, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of Oracle Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total value of $17,416,000.00. Following the completion of the transaction, the chief executive officer now owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. Company insiders own 29.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC grew its position in Oracle Corporation by 947.4% in the second 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 in the last quarter. Burt Wealth Advisors grew its position in Oracle Corporation by 4.3% in the second 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Oracle Corporation by 1,150.0% in the first 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 in the last quarter. TrimTabs Asset Management LLC grew its position in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its position in Oracle Corporation by 9.2% in the second 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 in the last quarter. Institutional investors own 58.67% 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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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