Oracle (NYSE:ORCL)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a research report issued on Thursday, TipRanks reports.

ORCL has been the subject of several other research reports. Barclays lowered their price objective on shares of Oracle from $59.00 to $57.00 and set an “equal weight” rating for the company in a research note on Thursday. Raymond James lifted their price objective on shares of Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. ValuEngine lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley lifted their price objective on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Co lifted their price objective on shares of Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $55.88.

Oracle stock traded down $0.14 during mid-day trading on Thursday, hitting $53.75. 14,399,249 shares of the stock were exchanged, compared to its average volume of 11,008,084. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle has a 12 month low of $42.40 and a 12 month high of $60.50. The firm’s fifty day simple moving average is $54.06 and its two-hundred day simple moving average is $54.46. The stock has a market capitalization of $179.77 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.57 and a beta of 1.18.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. Oracle had a net margin of 27.71% and a return on equity of 45.61%. The firm had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter last year, the business earned $0.71 EPS. The company’s revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Oracle will post 3.49 earnings per share for the current fiscal year.

In other Oracle news, Director Naomi O. Seligman sold 90,000 shares of Oracle stock in a transaction on Friday, July 12th. The shares were sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the transaction, the director now directly owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the transaction, the executive vice president now directly owns 177,919 shares in the company, valued at $10,127,149.48. The disclosure for this sale can be found here. Insiders have sold a total of 2,140,000 shares of company stock valued at $117,501,425 in the last 90 days. 32.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Evolution Wealth Advisors LLC boosted its holdings in Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Next Capital Management LLC purchased a new position in Oracle during the 2nd quarter worth $36,000. Covenant Multifamily Offices LLC purchased a new position in Oracle during the 1st quarter worth $35,000. Shamrock Asset Management LLC boosted its holdings in Oracle by 577.0% during the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 577 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new position in Oracle during the 2nd quarter worth $40,000. 53.05% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

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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Analyst Recommendations for Oracle (NYSE:ORCL)

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