Oracle Corporation (NYSE:ORCL) had its target price upped by Barclays PLC from $55.00 to $59.00 in a research report report published on Friday. They currently have an overweight rating on the enterprise software provider’s stock.

A number of other brokerages have also weighed in on ORCL. Wedbush restated an outperform rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Friday. UBS AG restated a buy rating and set a $57.00 price objective (up previously from $52.00) on shares of Oracle Corporation in a research note on Friday. J P Morgan Chase & Co set a $55.00 price objective on Oracle Corporation and gave the company a buy rating in a research note on Friday. Zacks Investment Research lowered Oracle Corporation from a buy rating to a hold rating in a research note on Friday. Finally, Jefferies Group LLC raised their price objective on Oracle Corporation from $60.00 to $61.00 and gave the company a buy rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have assigned a buy rating to the stock. Oracle Corporation currently has a consensus rating of Buy and a consensus target price of $52.44.

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

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the firm earned $0.55 EPS. Oracle Corporation’s quarterly revenue was up 7.0% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. Insiders own 29.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC boosted its position in Oracle Corporation by 0.3% during the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after purchasing an additional 10 shares during the last quarter. Keel Point LLC boosted its position in Oracle Corporation by 0.3% during the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after purchasing an additional 14 shares during the last quarter. Alpha Windward LLC boosted its position in Oracle Corporation by 0.3% during the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after purchasing an additional 19 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in Oracle Corporation by 0.3% during the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 24 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in Oracle Corporation by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after purchasing an additional 35 shares during the last quarter. 58.67% of the stock is owned by hedge funds and other institutional investors.

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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