Shares of Oracle Corporation (NYSE:ORCL) have been given a consensus rating of “Buy” by the forty-five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and thirty have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $50.69.

A number of equities research analysts have issued reports on ORCL shares. Bank of America Corporation raised their price target on shares of Oracle Corporation to $54.00 in a report on Thursday, March 16th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, May 16th. Drexel Hamilton raised their price target on shares of Oracle Corporation from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, March 16th. BTIG Research reissued a “buy” rating and issued a $47.00 price target on shares of Oracle Corporation in a report on Thursday, March 16th. Finally, JMP Securities raised shares of Oracle Corporation from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $42.00 to $43.00 in a report on Thursday, March 16th.

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In other news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, April 17th. The stock was 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 directly owns 8,281 shares in the company, valued at approximately $364,364. The disclosure for this sale can be found here. Insiders sold 1,565,101 shares of company stock worth $76,075,784 in the last three months. Insiders own 29.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after buying an additional 1,187,802 shares during the period. Bank of New York Mellon Corp increased its stake in Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares during the last quarter. Harris Associates L P increased its stake in Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after buying an additional 156,122 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Oracle Corporation by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after buying an additional 1,467,144 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Oracle Corporation by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock worth $1,113,025,000 after buying an additional 3,364,595 shares during the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation (NYSE ORCL) traded up 0.40% during trading on Friday, reaching $50.55. The company had a trading volume of 3,231,456 shares. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The company has a market capitalization of $209.11 billion, a price-to-earnings ratio of 22.87 and a beta of 1.07. The company has a 50-day moving average price of $46.11 and a 200 day moving average price of $43.14.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The business had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Analysts expect that Oracle Corporation will post $2.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

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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