JPMorgan Chase & Co. set a $56.00 price target on Oracle (NYSE:ORCL) in a research note issued to investors on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the enterprise software provider’s stock.

A number of other equities research analysts have also recently commented on ORCL. William Blair reissued a market perform rating on shares of Oracle in a report on Thursday, June 20th. Raymond James raised their price target on Oracle from $57.00 to $61.00 and gave the company an outperform rating in a report on Thursday, June 20th. Zacks Investment Research raised Oracle from a hold rating to a buy rating and set a $61.00 price target on the stock in a report on Wednesday, May 15th. Wedbush reissued a neutral rating and set a $55.00 price target (down from $55.92) on shares of Oracle in a report on Thursday, June 20th. Finally, Wells Fargo & Co raised their price target on Oracle from $60.00 to $65.00 and gave the company an outperform rating in a report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $55.88.

NYSE ORCL traded down $0.14 on Thursday, hitting $53.75. 14,566,066 shares of the company traded hands, compared to its average volume of 9,948,703. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The business’s 50 day moving average price is $54.15 and its 200-day moving average price is $54.46. The company has a market capitalization of $185.04 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.62 and a beta of 1.18. Oracle has a 52-week low of $42.40 and a 52-week high of $60.50.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.29 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, sell-side analysts predict that Oracle will post 3.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. Oracle’s dividend payout ratio (DPR) is 30.38%.

In related news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.92, for a total value of $5,692,000.00. Following the completion of the transaction, the executive vice president now owns 177,919 shares in the company, valued at $10,127,149.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Boskin sold 150,000 shares of Oracle stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.65, for a total value of $8,497,500.00. Following the completion of the transaction, the director now owns 134,796 shares of the company’s stock, valued at approximately $7,636,193.40. The disclosure for this sale can be found here. Insiders sold 2,140,000 shares of company stock worth $117,501,425 over the last ninety days. Insiders own 32.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP purchased a new position in Oracle in the second quarter worth about $2,399,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Oracle in the second quarter worth about $256,000. Rehmann Capital Advisory Group grew its position in Oracle by 23.7% in the second quarter. Rehmann Capital Advisory Group now owns 11,725 shares of the enterprise software provider’s stock worth $668,000 after acquiring an additional 2,250 shares in the last quarter. EP Wealth Advisors LLC grew its position in Oracle by 21.1% in the second quarter. EP Wealth Advisors LLC now owns 16,509 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 2,872 shares in the last quarter. Finally, Atria Investments LLC boosted its position in shares of Oracle by 31.9% during the second quarter. Atria Investments LLC now owns 91,325 shares of the enterprise software provider’s stock valued at $4,844,000 after buying an additional 22,093 shares during the period. Institutional investors own 53.05% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Further Reading: Market Perform

Analyst Recommendations for Oracle (NYSE:ORCL)

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