Oracle Corp. (ORCL) Stock Rating Reaffirmed by Deutsche Bank AG
Oracle Corp. (NYSE:ORCL)‘s stock had its “neutral” rating reaffirmed by Deutsche Bank AG in a research note issued on Tuesday.
A number of other research firms also recently weighed in on ORCL. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $51.00 price target on shares of Oracle Corp. in a research note on Friday, July 15th. Macquarie reaffirmed an “outperform” rating on shares of Oracle Corp. in a research note on Tuesday, July 19th. Atlantic Securities downgraded shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $48.00 to $44.00 in a research note on Tuesday, July 19th. BTIG Research increased their price target on shares of Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Finally, Vetr lowered shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price objective for the company. in a research report on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock currently has an average 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 50-day moving average of $40.59 and a 200 day moving average of $40.38. The firm 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 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The company had revenue of $8.60 billion for the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities research analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $41.78, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of ORCL. Vanguard Group Inc. boosted its stake in shares of Oracle Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 192,375,888 shares of the enterprise software provider’s stock worth $7,873,946,000 after buying an additional 812,821 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Oracle Corp. by 1.7% in the second quarter. First Eagle Investment Management LLC now owns 40,498,196 shares of the enterprise software provider’s stock worth $1,657,591,000 after buying an additional 694,698 shares during the period. BlackRock Fund Advisors raised its position in shares of Oracle Corp. by 0.9% in the second quarter. BlackRock Fund Advisors now owns 40,398,570 shares of the enterprise software provider’s stock worth $1,653,513,000 after buying an additional 368,093 shares during the period. Magellan Asset Management Ltd raised its position in shares of Oracle Corp. by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 27,617,584 shares of the enterprise software provider’s stock worth $1,130,388,000 after buying an additional 415,490 shares during the period. Finally, First Pacific Advisors LLC raised its position in shares of Oracle Corp. by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock worth $1,091,481,000 after buying an additional 1,486,487 shares during the period. 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.
Receive News & Stock Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related stocks with our FREE daily email newsletter.