Oracle Corporation (NYSE:ORCL)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a research report issued to clients and investors on Friday. They currently have a $58.00 price target on the enterprise software provider’s stock. Wedbush’s target price points to a potential upside of 19.00% from the stock’s current price.

A number of other equities analysts have also recently issued reports on ORCL. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research report on Friday, May 19th. Zacks Investment Research cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity reiterated a “buy” rating and set a $49.00 price objective on shares of Oracle Corporation in a research report on Friday, May 26th. OTR Global upgraded shares of Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 price objective on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $52.44.

Oracle Corporation (ORCL) opened at 48.74 on Friday. The firm’s 50 day moving average price is $49.96 and its 200-day moving average price is $46.98. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The firm has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05.

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

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In other news, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the transaction, the executive vice president now owns 177,988 shares in the company, valued at $9,146,803.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $911,687.50. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock valued at $91,582,600 in the last quarter. Corporate insiders own 29.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in shares of 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 purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors increased its stake in shares of 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 purchasing an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of 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 purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of 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 purchasing an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its stake in shares of 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 purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 58.67% of the company’s stock.

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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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