Oracle Co. (ORCL) Lifted to “Buy” at Vetr Inc.
Oracle Co. (NYSE:ORCL) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $47.09 price target on the enterprise software provider’s stock. Vetr‘s price objective suggests a potential upside of 4.11% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Jefferies Group LLC boosted their price target on Oracle to $52.00 in a research report on Thursday. Cowen and Company boosted their price target on Oracle to $48.00 in a research report on Thursday. Wedbush boosted their price target on Oracle to $43.00 in a research report on Thursday. Bank of America Corp boosted their price target on Oracle to $54.00 in a research report on Thursday. Finally, TheStreet upgraded Oracle from a “c+” rating to a “b” rating in a research report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $45.81.
Oracle (NYSE:ORCL) traded down 0.94% during mid-day trading on Monday, reaching $45.23. The company’s stock had a trading volume of 21,452,575 shares. The firm’s 50 day moving average price is $41.91 and its 200 day moving average price is $40.00. Oracle has a 12-month low of $37.62 and a 12-month high of $46.99. The stock has a market cap of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts predict that Oracle will post $2.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from Oracle’s previous quarterly dividend of $0.15. Oracle’s dividend payout ratio is presently 28.99%.
Your IP Address:
In related news, Director Jeffrey Berg sold 31,750 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $45.80, for a total value of $1,454,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $46.61, for a total value of $18,644,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares of the company’s stock, valued at $18,644,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,188,000 shares of company stock worth $54,809,425. Company insiders own 29.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in shares of Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 135 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares during the period. Clean Yield Group boosted its stake in shares of Oracle by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock worth $129,000 after buying an additional 99 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Oracle by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 105 shares during the period. Finally, First Bank & Trust purchased a new stake in shares of Oracle during the fourth quarter worth about $141,000. 57.95% of the stock is owned by hedge funds and other institutional investors.
Oracle 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.
Receive News & Stock Ratings for Oracle Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Co. and related stocks with our FREE daily email newsletter.