Stock analysts at Piper Jaffray Companies initiated coverage on shares of Oracle Corporation (NYSE:ORCL) in a report released on Wednesday. The firm set an “overweight” rating and a $55.00 price target on the enterprise software provider’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 12.45% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS AG restated a “buy” rating and set a $52.00 target price (up previously 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. BMO Capital Markets lifted their target price on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $56.00 to $44.00 in a research report on Thursday, June 22nd. Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Finally, Vetr upgraded shares of Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 target price for the company in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have given a buy rating to the company’s stock. Oracle Corporation currently has an average rating of “Buy” and an average price target of $53.37.

Oracle Corporation (NYSE ORCL) traded down 0.664% during mid-day trading on Wednesday, reaching $48.585. 6,102,343 shares of the company’s stock were exchanged. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $53.14. The firm’s 50-day moving average is $49.53 and its 200 day moving average is $47.49. The stock has a market capitalization of $202.75 billion, a PE ratio of 21.133 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. Analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 979,073 shares of company stock valued at $48,914,665 over the last ninety days. Insiders own 29.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ORCL. Vanguard Group Inc. raised its position in Oracle Corporation by 2.6% during 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 in the last quarter. BlackRock Inc. raised its position in Oracle Corporation by 2.5% during the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after acquiring an additional 4,678,977 shares in the last quarter. State Street Corp raised its position in Oracle Corporation by 1.0% during the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after acquiring an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp raised its position in Oracle Corporation by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after acquiring an additional 1,521,879 shares in the last quarter. Finally, Harris Associates L P raised its position in Oracle Corporation by 17.9% during 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 in the last quarter. 58.66% of the stock is owned by institutional investors and hedge funds.

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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