Oracle (NYSE:ORCL) Given a $57.00 Price Target by UBS Group Analysts
UBS Group set a $57.00 price target on Oracle (NYSE:ORCL) in a research note published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the enterprise software provider’s stock.
Several other research firms have also weighed in on ORCL. Monness Crespi & Hardt reaffirmed a hold rating on shares of Oracle in a report on Tuesday. Wells Fargo & Co upped their target price on shares of Oracle from $60.00 to $65.00 and gave the stock an outperform rating in a report on Thursday, June 20th. ValuEngine lowered shares of Oracle from a buy rating to a hold rating in a report on Thursday, August 1st. Jefferies Financial Group upped their target price on shares of Oracle from $61.00 to $66.00 and gave the stock a buy rating in a report on Thursday, June 20th. Finally, Morgan Stanley upped their target price on shares of Oracle from $54.00 to $59.00 and gave the stock an equal weight rating in a report on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $55.88.
Shares of ORCL stock traded down $0.13 during mid-day trading on Thursday, reaching $53.76. The company’s stock had a trading volume of 848,909 shares, compared to its average volume of 9,948,703. Oracle has a 1-year low of $42.40 and a 1-year high of $60.50. The company has a market cap of $185.04 billion, a P/E ratio of 17.01, a PEG ratio of 1.62 and a beta of 1.18. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The firm’s 50-day moving average is $54.15 and its two-hundred day moving average is $54.46.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, October 9th. Oracle’s dividend payout ratio is currently 30.38%.
In other Oracle news, Director Naomi O. Seligman sold 90,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the transaction, the director now directly owns 82,310 shares in the company, valued at approximately $4,899,091.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO W Corey West sold 50,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the transaction, the chief accounting officer now owns 85,348 shares in the company, valued at $4,800,825. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,140,000 shares of company stock worth $117,501,425. Insiders own 32.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ORCL. Evolution Wealth Advisors LLC raised its position in shares of Oracle by 346.0% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after acquiring an additional 346 shares during the period. Investors Research Corp acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $30,000. Covenant Multifamily Offices LLC acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $35,000. Next Capital Management LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $36,000. Finally, Shamrock Asset Management LLC raised its position in shares of Oracle by 577.0% in the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 577 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.
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