Moffett Nathanson started coverage on shares of Oracle Corporation (NYSE:ORCL) in a research report released on Wednesday, Marketbeat reports. The firm issued a buy rating and a $65.00 price target on the enterprise software provider’s stock.

A number of other research firms have also commented on ORCL. Sanford C. Bernstein reiterated an outperform rating and set a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the company a buy rating in a report on Monday, June 12th. Canaccord Genuity lowered shares of Oracle Corporation to a buy rating and upped their price target for the company from $49.00 to $56.00 in a report on Thursday, June 22nd. UBS AG reiterated a buy rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton reiterated a buy rating and set a $62.00 price target (up from $53.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Oracle Corporation presently has a consensus rating of Buy and an average target price of $51.47.

Oracle Corporation (NYSE:ORCL) traded down 0.29% during midday trading on Wednesday, hitting $51.58. 10,356,483 shares of the stock traded hands. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.88. The stock’s 50-day moving average price is $49.81 and its 200 day moving average price is $46.65. The company has a market capitalization of $213.37 billion, a price-to-earnings ratio of 23.34 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Zacks’ 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 company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same period in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post $2.95 EPS for the current year.

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In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,587.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael J. Boskin sold 150,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the sale, the director now directly owns 99,454 shares of the company’s stock, valued at $5,041,323.26. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,560,925 over the last three months. 29.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its holdings in Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors grew its holdings in Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares in the last quarter. Reilly Financial Advisors LLC grew its holdings in Oracle Corporation by 8.7% during the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. Finally, TrimTabs Asset Management LLC grew its holdings in Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. 58.67% of the stock is owned by institutional investors and hedge funds.

About Oracle Corporation

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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