Vetr upgraded shares of Oracle Corporation (NYSE:ORCL) from a buy rating to a strong-buy rating in a report issued on Monday morning. They currently have $55.49 price objective on the enterprise software provider’s stock.

A number of other research analysts also recently issued reports on the stock. Wedbush restated an outperform rating and set a $58.00 target price on shares of Oracle Corporation in a research report on Friday, September 15th. UBS AG restated a buy rating and set a $57.00 target price (up from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 target price on shares of Oracle Corporation and gave the company a buy rating in a research report on Friday, September 15th. Zacks Investment Research downgraded shares of Oracle Corporation from a buy rating to a hold rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC boosted their target price on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a buy rating in a research report on Friday, September 15th. Twelve equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Oracle Corporation currently has a consensus rating of Buy and a consensus target price of $55.05.

Shares of Oracle Corporation (ORCL) traded up $0.08 on Monday, hitting $49.40. 6,566,600 shares of the stock were exchanged, compared to its average volume of 13,257,169. The stock has a market capitalization of $205,340.00, a price-to-earnings ratio of 19.34, a PEG ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 12-month low of $37.64 and a 12-month high of $53.14.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. equities research analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

In other news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $48.70, for a total transaction of $182,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 302,026 shares of company stock worth $14,638,887. 29.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its position in shares of 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 valued at $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors grew its position in shares of Oracle Corporation by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of 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 valued at $112,000 after buying an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC grew its position in shares of 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 valued at $120,000 after buying an additional 1,264 shares during the last quarter. Finally, Baystate Wealth Management LLC grew its position in shares of 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 valued at $123,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 58.05% 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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