Oracle Corporation (NYSE:ORCL) has earned an average recommendation of “Buy” from the forty-four analysts that are currently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $55.29.

ORCL has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Oracle in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price objective on the stock. in a report on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS restated a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George H. Conrades sold 56,250 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the transaction, the director now owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Vanguard Group Inc. boosted its position in Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. BlackRock Inc. lifted its holdings in shares of Oracle by 2.5% in the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after buying an additional 4,678,977 shares in the last quarter. Harris Associates L P lifted its holdings in shares of Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 4.6% in the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after buying an additional 1,835,835 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Oracle by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after buying an additional 482,220 shares in the last quarter. Institutional investors own 57.70% of the company’s stock.

Oracle (NYSE:ORCL) traded up $1.08 during trading on Monday, hitting $49.60. 14,732,300 shares of the company were exchanged, compared to its average volume of 13,267,127. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle has a 52 week low of $38.30 and a 52 week high of $53.14. The firm has a market cap of $207,004.89, a P/E ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Oracle’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that Oracle will post 2.68 earnings per share for the current fiscal year.

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About Oracle

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 (NYSE:ORCL)

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