KeyCorp reissued their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a research report sent to investors on Wednesday.

Other equities research analysts have also issued reports about the company. UBS AG restated a buy rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Piper Jaffray Companies initiated coverage on Oracle Corporation in a report on Wednesday. They set an overweight rating and a $55.00 price objective on the stock. BMO Capital Markets upped their price objective on Oracle Corporation from $48.00 to $57.00 and gave the stock an outperform rating in a report on Thursday, June 22nd. Wedbush raised Oracle Corporation from a neutral rating to an outperform rating and reduced their price objective for the stock from $56.00 to $44.00 in a report on Thursday, June 22nd. Finally, Moffett Nathanson initiated coverage on Oracle Corporation in a report on Wednesday, September 6th. They set a buy rating and a $65.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. Oracle Corporation has an average rating of Buy and a consensus target price of $53.37.

Shares of Oracle Corporation (ORCL) traded up 0.02% during mid-day trading on Wednesday, reaching $48.91. The company’s stock had a trading volume of 13,871,234 shares. 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 $204.10 billion, a P/E ratio of 21.27 and a beta of 1.05. The company has a 50 day moving average of $49.53 and a 200-day moving average of $47.48.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. Equities research analysts forecast that Oracle Corporation will post $2.94 EPS for the current year.

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The firm also recently declared 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 is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. Oracle Corporation’s payout ratio is 33.19%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $911,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 23,297 shares of Oracle Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the completion of the transaction, the executive vice president now directly owns 54,274 shares in the company, valued at $2,659,426. The disclosure for this sale can be found here. Insiders sold 979,073 shares of company stock worth $48,914,665 over the last three months. 29.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in ORCL. Macquarie Group Ltd. increased its stake in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after acquiring an additional 18,351,920 shares during the last quarter. BT Investment Management Ltd bought a new position in Oracle Corporation in the second quarter valued at approximately $459,738,000. Harris Associates L P increased its stake in Oracle Corporation by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after acquiring an additional 7,427,501 shares during the last quarter. FMR LLC increased its stake in Oracle Corporation by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after acquiring an additional 6,577,297 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Oracle Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after acquiring an additional 5,270,359 shares during the last quarter. 58.66% of the stock is currently 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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