BidaskClub upgraded shares of Oracle Corporation (NYSE:ORCL) from a hold rating to a buy rating in a research note published on Friday morning.

Several other research firms have also commented on ORCL. Barclays PLC reiterated an overweight rating and set a $55.00 price objective (up previously from $51.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. J P Morgan Chase & Co reiterated an overweight rating and set a $55.00 price objective (up previously from $51.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Stifel Nicolaus reiterated a buy rating and set a $52.00 price objective (up previously from $47.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Wunderlich reiterated a hold rating and set a $46.00 price objective on shares of Oracle Corporation in a research report on Thursday, June 22nd. Finally, JMP Securities reiterated a market perform rating on shares of Oracle Corporation in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have given a buy rating to the stock. Oracle Corporation presently has a consensus rating of Buy and an average price target of $50.18.

Oracle Corporation (ORCL) opened at 50.98 on Friday. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.07. The stock has a market cap of $210.65 billion, a PE ratio of 23.07 and a beta of 1.13. The firm has a 50 day moving average of $45.18 and a 200-day moving average of $42.67.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter last year, the business earned $0.81 earnings per share. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, July 17th. Oracle Corporation’s payout ratio is 34.55%.

In related news, EVP John F. Fowler sold 250,000 shares of the business’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $44.66, for a total value of $11,165,000.00. Following the completion of the transaction, the executive vice president now directly owns 269,645 shares in the company, valued at approximately $12,042,345.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $44.00, for a total transaction of $165,000.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at $364,364. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,408,851 shares of company stock valued at $65,069,846. Company insiders own 29.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of ORCL. Hudock Capital Group LLC boosted its position in Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after buying an additional 10 shares in the last quarter. Zions Bancorporation boosted its position in Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock valued at $152,000 after buying an additional 36 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock valued at $257,000 after buying an additional 38 shares in the last quarter. Delta Asset Management LLC TN boosted its position in Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock valued at $335,000 after buying an additional 42 shares in the last quarter. Finally, Pointe Capital Management LLC boosted its position in Oracle Corporation by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Oracle Corporation 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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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