DA Davidson set a $52.00 target price on Oracle Corp. (NYSE:ORCL) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the enterprise software provider’s stock.

ORCL has been the subject of a number of other reports. Vetr downgraded Oracle Corp. from a buy rating to a hold rating and set a $41.24 price objective for the company. in a report on Monday, August 15th. BTIG Research restated a buy rating and set a $47.00 price objective on shares of Oracle Corp. in a report on Monday, August 22nd. Zacks Investment Research upgraded Oracle Corp. from a hold rating to a buy rating and set a $46.00 price objective for the company in a report on Wednesday, August 17th. Jefferies Group restated a positive rating and set a $51.00 price objective on shares of Oracle Corp. in a report on Monday, August 29th. Finally, Goldman Sachs Group Inc. upgraded Oracle Corp. from a sell rating to a neutral rating in a report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the stock. Oracle Corp. presently has a consensus rating of Buy and a consensus price target of $43.79.

Oracle Corp. (NYSE:ORCL) traded down 0.50% on Tuesday, reaching $39.89. The company had a trading volume of 3,548,898 shares. The stock’s 50-day moving average price is $38.77 and its 200 day moving average price is $39.89. The firm has a market capitalization of $163.77 billion, a price-to-earnings ratio of 18.95 and a beta of 1.19. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.

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

The company also recently announced 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 annualized dividend and a dividend yield of 1.50%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred 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 $332,564.96. The transaction was disclosed in a legal filing with the SEC, which is available 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 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.

Large investors have recently bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new stake in Oracle Corp. during the second quarter valued at about $540,085,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Oracle Corp. during the third quarter worth $309,558,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Oracle Corp. by 48.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,745,200 shares of the enterprise software provider’s stock worth $685,381,000 after buying an additional 5,430,200 shares during the last quarter. Tesco Pension Investment Ltd purchased a new stake in shares of Oracle Corp. during the third quarter worth $140,937,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of Oracle Corp. by 698.9% in the third quarter. 1832 Asset Management L.P. now owns 3,851,183 shares of the enterprise software provider’s stock worth $151,263,000 after buying an additional 3,369,107 shares during the last quarter. 57.68% of the stock is owned by institutional investors.

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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.

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