Oracle Corporation (ORCL) Rating Reiterated by Stifel Nicolaus
Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a report issued on Saturday. They currently have a $53.00 target price on the enterprise software provider’s stock, up from their prior target price of $52.00. Stifel Nicolaus’ price objective would indicate a potential upside of 8.74% from the stock’s current price.
Several other brokerages also recently commented on ORCL. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of Oracle Corporation in a report on Monday, September 11th. Vetr downgraded shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price target for the company. in a report on Tuesday, September 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. Moffett Nathanson started coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price target for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.56.
Oracle Corporation (ORCL) opened at 48.74 on Friday. The firm’s 50-day moving average is $49.96 and its 200 day moving average is $46.98. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The firm has a market capitalization of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 21.05%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.
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In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total transaction of $188,625.00. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $911,687.50. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,582,600 over the last three months. 29.00% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Boston Partners increased its holdings in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the last quarter. LGT Capital Partners LTD. increased its holdings in Oracle Corporation by 14.0% during the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after buying an additional 76,653 shares during the last quarter. Lockheed Martin Investment Management Co. increased its holdings in Oracle Corporation by 21.4% during the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after buying an additional 13,000 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Oracle Corporation during the first quarter valued at approximately $1,522,000. Finally, BerganKDV Wealth Management LLC increased its holdings in Oracle Corporation by 2.3% during the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock valued at $581,000 after buying an additional 255 shares during 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.
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