Brokerages Set Oracle Corp. (ORCL) PT at $43.82
Shares of Oracle Corp. (NYSE:ORCL) have received an average rating of “Buy” from the forty-seven brokerages that are currently covering the company. Three investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and twenty-six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $43.89.
A number of equities research analysts have weighed in on ORCL shares. DA Davidson set a $52.00 price objective on Oracle Corp. and gave the company a “buy” rating in a research note on Tuesday, October 11th. BTIG Research reiterated a “buy” rating and issued a $47.00 price objective on shares of Oracle Corp. in a research note on Monday, August 22nd. Vetr upgraded Oracle Corp. from a “hold” rating to a “buy” rating and set a $42.94 price objective for the company in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $41.00 price objective on shares of Oracle Corp. in a research note on Thursday, September 15th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $46.00 price objective on shares of Oracle Corp. in a research note on Monday, September 26th.
In other news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, the executive vice president now directly owns 25,000 shares in the company, valued at approximately $990,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the transaction, the director now owns 8,281 shares in the company, valued at $332,564.96. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.
Several institutional investors have recently modified their holdings of ORCL. Camarda Financial Advisors LLC boosted 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 valued at $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 boosted 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 last quarter. FCM Investments TX boosted 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 last quarter. Finally, Proficio Capital Partners LLC boosted 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 last quarter. Institutional investors own 56.94% of the company’s stock.
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Oracle Corp. (NYSE:ORCL) opened at 40.19 on Monday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The stock’s 50 day moving average price is $39.00 and its 200-day moving average price is $39.91. The stock has a market cap of $165.00 billion, a price-to-earnings ratio of 19.09 and a beta of 1.19.
Oracle Corp. (NYSE:ORCL) last posted 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. The business 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 was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. Equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current year.
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.
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