Wedbush reissued their outperform rating on shares of Oracle Corporation (NYSE:ORCL) in a research note released on Friday. Wedbush currently has a $58.00 price target on the enterprise software provider’s stock.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Oracle Corporation from a hold rating to a buy rating and set a $59.00 target price for the company in a research report on Thursday. Drexel Hamilton reiterated a buy rating and set a $62.00 target price on shares of Oracle Corporation in a research report on Thursday. Royal Bank Of Canada upped their target price on shares of Oracle Corporation from $53.00 to $56.00 and gave the company an outperform rating in a research report on Tuesday. BidaskClub upgraded shares of Oracle Corporation from a hold rating to a buy rating in a research report on Tuesday. Finally, Vetr cut shares of Oracle Corporation from a sell rating to a strong sell rating and set a $46.58 target price for the company. in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $52.44.

Shares of Oracle Corporation (NYSE:ORCL) traded down 7.67% during trading on Friday, hitting $48.74. The company had a trading volume of 66,367,857 shares. The stock has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The firm has a 50 day moving average of $49.96 and a 200 day moving average of $46.98.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.

In other news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the sale, the executive vice president now directly 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 SEC, which is available at this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the sale, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,817,500 shares of company stock valued at $91,582,600. Insiders own 29.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Burgundy Asset Management Ltd. increased its position in shares of Oracle Corporation by 1.0% during the second quarter. Burgundy Asset Management Ltd. now owns 6,086,871 shares of the enterprise software provider’s stock worth $305,196,000 after acquiring an additional 60,828 shares in the last quarter. Intl Fcstone Inc. bought a new stake in shares of Oracle Corporation during the second quarter worth about $274,000. Lord Abbett & CO. LLC increased its position in shares of Oracle Corporation by 26.8% during the second quarter. Lord Abbett & CO. LLC now owns 2,161,149 shares of the enterprise software provider’s stock worth $108,360,000 after acquiring an additional 456,231 shares in the last quarter. Farmers National Bank increased its position in shares of Oracle Corporation by 8.9% during the second quarter. Farmers National Bank now owns 4,640 shares of the enterprise software provider’s stock worth $233,000 after acquiring an additional 380 shares in the last quarter. Finally, RNC Capital Management LLC increased its position in shares of Oracle Corporation by 2.7% during the second quarter. RNC Capital Management LLC now owns 142,229 shares of the enterprise software provider’s stock worth $7,131,000 after acquiring an additional 3,708 shares in the last quarter. 58.67% of the stock is owned by institutional investors.

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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