Oracle Corp. (ORCL) Upgraded to Buy at Vetr Inc.
Vetr upgraded shares of Oracle Corp. (NYSE:ORCL) from a hold rating to a buy rating in a research report sent to investors on Monday morning. Vetr currently has $42.92 price target on the enterprise software provider’s stock.
Several other equities analysts have also weighed in on ORCL. SunTrust Banks Inc. set a $48.00 price objective on shares of Oracle Corp. and gave the company a buy rating in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 target price on shares of Oracle Corp. and gave the stock a buy rating in a report on Saturday, September 17th. Zacks Investment Research upgraded shares of Oracle Corp. from a sell rating to a hold rating in a report on Wednesday, September 14th. DA Davidson reiterated a buy rating and issued a $52.00 target price on shares of Oracle Corp. in a report on Saturday, September 17th. Finally, MKM Partners reiterated a neutral rating and issued a $42.00 target price on shares of Oracle Corp. in a report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $43.85.
Shares of Oracle Corp. (NYSE:ORCL) opened at 40.30 on Monday. The firm has a market cap of $165.45 billion, a price-to-earnings ratio of 19.14 and a beta of 1.19. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The firm’s 50 day moving average is $38.88 and its 200-day moving average is $39.90.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ 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 business earned $8.60 billion during the quarter. During the same quarter in the prior year, the company earned $0.53 EPS. Oracle Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current year.
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In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares in the company, valued at approximately $990,250. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $38.42, for a total value of $144,075.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at $318,156.02. The disclosure for this sale can be found here. 29.00% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Camarda Financial Advisors LLC increased its position in shares of Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 215 shares during the period. Cribstone Capital Management LLC bought a new position in shares of Oracle Corp. during the second quarter worth about $102,000. WESPAC Advisors SoCal LLC increased its position in shares of Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock worth $119,000 after buying an additional 500 shares during the period. FCM Investments TX increased its position in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the period. Finally, Proficio Capital Partners LLC increased its position in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares during the period. Institutional investors and hedge funds own 56.94% of the company’s stock.
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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