Oracle Corporation (ORCL) Earns Buy Rating from UBS AG
UBS AG restated their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a report published on Friday, www.flashratings.com reports. They currently have a $57.00 target price on the enterprise software provider’s stock, up from their prior target price of $52.00.
Other research analysts have also issued research reports about the stock. Wedbush raised shares of Oracle Corporation from a neutral rating to an outperform rating and lowered their target price for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. BMO Capital Markets increased their target price on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an outperform rating in a research note on Thursday, June 22nd. Moffett Nathanson began coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a buy rating and a $65.00 target price for the company. Jefferies Group LLC reaffirmed a buy rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $56.00 target price (up previously from $49.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $53.04.
Shares of Oracle Corporation (NYSE:ORCL) opened at 48.33 on Friday. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The stock has a market capitalization of $199.93 billion, a PE ratio of 21.87 and a beta of 1.05. The firm has a 50-day moving average of $49.90 and a 200 day moving average of $47.08.
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 Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. Equities research analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. Corporate insiders own 29.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its holdings in Oracle Corporation by 947.4% in 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 boosted its holdings in Oracle Corporation by 4.3% in 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. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Oracle Corporation by 1,150.0% in 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. TrimTabs Asset Management LLC boosted its holdings in Oracle Corporation by 88.8% in the 1st 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 during the period. Finally, Baystate Wealth Management LLC boosted its holdings in Oracle Corporation by 9.2% in 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. 58.64% of the stock is owned by hedge funds and other institutional investors.
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.
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