BidaskClub lowered shares of Oracle Corporation (NYSE:ORCL) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other equities research analysts also recently weighed in on ORCL. Vetr raised Oracle Corporation from a hold rating to a strong-buy rating and set a $60.60 price objective on the stock in a report on Thursday, November 2nd. Drexel Hamilton reissued a buy rating and set a $62.00 price objective on shares of Oracle Corporation in a report on Monday, October 2nd. Zacks Investment Research raised Oracle Corporation from a sell rating to a hold rating in a report on Tuesday, October 31st. BTIG Research reissued a buy rating and set a $58.00 price objective on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Stifel Nicolaus reissued a buy rating and set a $53.00 price objective (up previously from $52.00) on shares of Oracle Corporation in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-three have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $53.60.

Oracle Corporation (NYSE ORCL) opened at $50.49 on Friday. Oracle Corporation has a 52 week low of $37.64 and a 52 week high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $210,300.00, a price-to-earnings ratio of 19.68, a PEG ratio of 1.91 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.51%. Oracle Corporation’s payout ratio is 33.19%.

In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 25,776 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the sale, the executive vice president now owns 30,977 shares in the company, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the business. Keel Point LLC lifted its position in shares of Oracle Corporation by 0.3% during the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after acquiring an additional 14 shares in the last quarter. Alpha Windward LLC lifted its position in shares of Oracle Corporation by 0.3% during the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after acquiring an additional 19 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of 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 worth $411,000 after acquiring an additional 24 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of 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 worth $404,000 after acquiring an additional 35 shares in the last quarter. Finally, Partnervest Advisory Services LLC lifted its position in shares of Oracle Corporation by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 58.10% of the company’s stock.

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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