Oracle (NYSE:ORCL) announced its quarterly earnings results on Thursday. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02, Morningstar.com reports. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the firm earned $0.83 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Oracle updated its Q4 guidance to $1.05-1.09 EPS.

Shares of ORCL stock opened at $53.05 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66. Oracle has a one year low of $42.40 and a one year high of $53.47. The stock has a market cap of $218.57 billion, a PE ratio of 18.81, a P/E/G ratio of 1.75 and a beta of 1.08.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $46.42, for a total transaction of $174,075.00. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,298,320.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 6,302 shares of the stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $43.24, for a total transaction of $272,498.48. Following the transaction, the executive vice president now directly owns 77,919 shares in the company, valued at approximately $3,369,217.56. The disclosure for this sale can be found here. Insiders have sold 42,552 shares of company stock worth $1,945,486 in the last ninety days. Corporate insiders own 32.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Landmark Financial Advisors LLC raised its holdings in shares of Oracle by 2.1% during the fourth quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock valued at $434,000 after buying an additional 200 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Oracle by 4.7% during the fourth quarter. Moloney Securities Asset Management LLC now owns 5,007 shares of the enterprise software provider’s stock valued at $226,000 after buying an additional 223 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Oracle by 0.7% during the fourth quarter. Quadrant Capital Group LLC now owns 34,344 shares of the enterprise software provider’s stock valued at $1,528,000 after buying an additional 230 shares during the last quarter. Patten Group Inc. raised its holdings in shares of Oracle by 17.1% during the fourth quarter. Patten Group Inc. now owns 1,591 shares of the enterprise software provider’s stock valued at $72,000 after buying an additional 232 shares during the last quarter. Finally, Arrow Financial Corp raised its holdings in shares of Oracle by 0.5% during the fourth quarter. Arrow Financial Corp now owns 51,262 shares of the enterprise software provider’s stock valued at $2,315,000 after buying an additional 260 shares during the last quarter. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. Nomura reiterated a “reduce” rating and issued a $42.00 price target (down from $53.00) on shares of Oracle in a report on Monday. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Royal Bank of Canada increased their price target on Oracle to $57.00 and gave the company a “sector perform” rating in a report on Friday. UBS Group increased their price target on Oracle to $54.00 and gave the company a “neutral” rating in a report on Friday. Finally, Standpoint Research downgraded Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $52.64.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Earnings History for Oracle (NYSE:ORCL)

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