Cleveland Research restated their hold rating on shares of Oracle (NYSE:ORCL) in a research note published on Saturday morning.

A number of other equities analysts have also commented on the company. Barclays boosted their price objective on Oracle from $56.00 to $60.00 and gave the stock an overweight rating in a research note on Monday, March 12th. They noted that the move was a valuation call. OTR Global lowered Oracle to a positive rating in a research note on Friday, March 9th. Credit Suisse Group reaffirmed a buy rating and set a $62.00 price target on shares of Oracle in a research note on Sunday, February 18th. Vetr lowered Oracle from a buy rating to a hold rating and set a $51.30 price target on the stock. in a research note on Thursday, February 15th. Finally, ValuEngine raised Oracle from a hold rating to a buy rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $56.38.

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Oracle (NYSE ORCL) opened at $51.95 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market capitalization of $216,377.00, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05. Oracle has a one year low of $43.60 and a one year high of $53.48.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. sell-side analysts expect that Oracle will post 2.68 EPS for the current year.

Oracle announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. Oracle’s dividend payout ratio (DPR) is currently 32.62%.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $901,175. The disclosure for this sale can be found here. Insiders sold 1,956,250 shares of company stock valued at $98,330,688 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC grew its holdings in shares of Oracle by 148.9% during the fourth quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock worth $745,124,000 after buying an additional 9,429,236 shares in the last quarter. BT Investment Management Ltd bought a new position in shares of Oracle during the second quarter worth about $459,738,000. Harris Associates L P grew its holdings in shares of Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares in the last quarter. FMR LLC grew its holdings in shares of Oracle by 24.8% during the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after buying an additional 6,577,297 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Oracle by 50.2% during the fourth quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock worth $761,766,000 after buying an additional 5,387,078 shares in the last quarter. Institutional investors own 57.93% of the company’s stock.

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About Oracle

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 (NYSE:ORCL)

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