Oracle Corporation (ORCL) Rating Reiterated by BTIG Research
Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating restated by investment analysts at BTIG Research in a research report issued to clients and investors on Tuesday. They presently have a $58.00 price target on the enterprise software provider’s stock. BTIG Research’s price target would indicate a potential upside of 20.91% from the company’s current price.
Several other equities research analysts also recently commented on ORCL. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Canaccord Genuity reissued a “buy” rating and issued a $49.00 target price on shares of Oracle Corporation in a report on Friday, May 26th. OTR Global raised Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Wedbush dropped their target price on Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $53.33.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis.
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In other news, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the sale, the director now directly owns 63,985 shares of the company’s stock, valued at $3,183,253.75. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,582,600 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Hudock Capital Group LLC lifted its stake in shares of Oracle Corporation by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after purchasing an additional 10 shares during the last quarter. Keel Point LLC raised its holdings in shares of Oracle Corporation by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after buying an additional 14 shares during the period. Alpha Windward LLC raised its holdings in shares of Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after buying an additional 19 shares during the period. Joel Isaacson & Co. LLC raised its holdings in shares of Oracle Corporation by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after buying an additional 24 shares during the period. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Oracle Corporation by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after buying an additional 35 shares during the period. 58.64% of the stock is owned by institutional investors and hedge funds.
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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