Oracle Corp. (NYSE:ORCL) had its price target decreased by analysts at Rowe from $109.00 to $9.30 in a report issued on Tuesday. Rowe’s target price points to a potential downside of 76.49% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Cowen and Company set a $46.00 price objective on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Friday, September 16th. Royal Bank Of Canada lifted their price objective on shares of Oracle Corp. from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, September 30th. Vetr cut shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price objective for the company. in a research report on Wednesday, September 7th. DA Davidson reaffirmed a “neutral” rating and set a $109.00 price objective on shares of Oracle Corp. in a research report on Wednesday, October 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $41.00 price objective on shares of Oracle Corp. in a research report on Friday, September 16th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.31.

Analyst Recommendations for Oracle Corp. (NYSE:ORCL)

Oracle Corp. (NYSE:ORCL) opened at 39.63 on Tuesday. The company’s 50-day moving average is $38.66 and its 200 day moving average is $39.91. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The firm has a market capitalization of $162.70 billion, a PE ratio of 18.83 and a beta of 1.19.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm earned $8.60 billion during the quarter. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Oracle Corp. will post $2.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Oracle Corp.’s payout ratio is 28.57%.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Point View Wealth Management Inc. raised its position in shares of Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock worth $285,000 after buying an additional 37 shares during the period. Alpha Windward LLC raised its position in shares of Oracle Corp. by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock worth $197,000 after buying an additional 44 shares during the period. Capital Asset Advisory Services LLC raised its position in shares of Oracle Corp. by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock worth $244,000 after buying an additional 55 shares during the period. Enterprise Financial Services Corp raised its position in shares of Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock worth $305,000 after buying an additional 62 shares during the period. Finally, Bollard Group LLC raised its position in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 69 shares during the period. 58.29% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:ORCL

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