Oracle Corp. (ORCL) Receives “Neutral” Rating from DA Davidson
DA Davidson reiterated their neutral rating on shares of Oracle Corp. (NYSE:ORCL) in a research report sent to investors on Wednesday. They currently have a $109.00 target price on the enterprise software provider’s stock.
Several other research firms have also recently weighed in on ORCL. Cowen and Company set a $46.00 price objective on Oracle Corp. and gave the company a buy rating in a report on Friday, September 16th. Royal Bank Of Canada boosted their target price on Oracle Corp. from $42.00 to $43.00 and gave the company an outperform rating in a research note on Friday, September 30th. BTIG Research restated a buy rating and issued a $44.00 target price on shares of Oracle Corp. in a research note on Friday, June 17th. Vetr cut Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 target price on the stock. in a research note on Wednesday, September 7th. Finally, Morgan Stanley restated a hold rating and issued a $41.00 target price on shares of Oracle Corp. in a research note on Friday, September 16th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $46.26.
Oracle Corp. (NYSE:ORCL) traded down 0.355% during mid-day trading on Wednesday, reaching $37.915. 4,160,311 shares of the company’s stock traded hands. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm’s 50-day moving average price is $39.88 and its 200 day moving average price is $40.26. The stock has a market capitalization of $155.66 billion, a PE ratio of 18.012 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company had revenue of $8.60 billion for the quarter. During the same quarter in the prior year, the business posted $0.53 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. 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 transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of Oracle Corp. 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 transaction, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC bought a new stake in Oracle Corp. during the first quarter valued at approximately $531,000. Acropolis Investment Management LLC increased its stake in Oracle Corp. by 12.6% in the first quarter. Acropolis Investment Management LLC now owns 13,880 shares of the enterprise software provider’s stock valued at $568,000 after buying an additional 1,555 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Oracle Corp. by 778.5% in the first quarter. DAVENPORT & Co LLC now owns 788,529 shares of the enterprise software provider’s stock valued at $32,259,000 after buying an additional 698,771 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Oracle Corp. by 15.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 13,440 shares of the enterprise software provider’s stock valued at $550,000 after buying an additional 1,792 shares during the last quarter. Finally, Hills Bank & Trust Co. increased its stake in Oracle Corp. by 27.8% in the first quarter. Hills Bank & Trust Co. now owns 18,763 shares of the enterprise software provider’s stock valued at $768,000 after buying an additional 4,083 shares during the last quarter. 58.24% of the stock is currently owned by institutional investors and hedge funds.
About Oracle Corp.
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.