Oracle Corp. (ORCL) Stock Rating Lowered by Vetr Inc.
Oracle Corp. (NYSE:ORCL) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They currently have a $42.91 target price on the enterprise software provider’s stock. Vetr‘s target price would indicate a potential upside of 8.80% from the stock’s current price.
ORCL has been the subject of a number of other research reports. BTIG Research reissued a “buy” rating and issued a $47.00 price target on shares of Oracle Corp. in a research note on Monday, August 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $41.00 price target on shares of Oracle Corp. in a research note on Thursday, September 15th. Zacks Investment Research cut shares of Oracle Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Stifel Nicolaus cut their price target on shares of Oracle Corp. from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, September 23rd. Finally, Cowen and Company reissued an “outperform” rating and issued a $46.00 price target on shares of Oracle Corp. in a research note on Monday. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $44.71.
Shares of Oracle Corp. (NYSE:ORCL) opened at 39.44 on Tuesday. The company has a market cap of $161.92 billion, a P/E ratio of 18.74 and a beta of 1.08. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The stock’s 50 day moving average is $40.59 and its 200-day moving average is $40.38.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. Equities research analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Nicolet Bankshares Inc. increased its stake in Oracle Corp. by 4.9% in the first quarter. Nicolet Bankshares Inc. now owns 9,888 shares of the enterprise software provider’s stock valued at $405,000 after buying an additional 460 shares during the last quarter. Coastline Trust Co increased its stake in Oracle Corp. by 8.5% in the first quarter. Coastline Trust Co now owns 70,969 shares of the enterprise software provider’s stock valued at $2,903,000 after buying an additional 5,580 shares during the last quarter. CrestPoint Capital Management LLC increased its stake in Oracle Corp. by 54.0% in the first quarter. CrestPoint Capital Management LLC now owns 43,900 shares of the enterprise software provider’s stock valued at $1,796,000 after buying an additional 15,400 shares during the last quarter. Iberiabank Corp increased its stake in Oracle Corp. by 15.2% in the first quarter. Iberiabank Corp now owns 20,028 shares of the enterprise software provider’s stock valued at $819,000 after buying an additional 2,641 shares during the last quarter. Finally, Mission Wealth Management LLC increased its stake in Oracle Corp. by 20.7% in the first quarter. Mission Wealth Management LLC now owns 9,192 shares of the enterprise software provider’s stock valued at $376,000 after buying an additional 1,579 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.
Oracle Corp. 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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