Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG in a research note issued to investors on Friday. They presently have a $57.00 target price on the enterprise software provider’s stock, up from their previous target price of $52.00. UBS AG’s price objective points to a potential upside of 16.95% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Bank of America Corporation dropped their target price on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a report on Friday, June 30th. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Friday, June 23rd. KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a report on Wednesday, July 5th. Finally, OTR Global raised Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $52.44.
Shares of Oracle Corporation (NYSE:ORCL) opened at 48.74 on Friday. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The firm has a 50-day moving average of $49.96 and a 200 day moving average of $46.98. The company has a market cap of $201.62 billion, a price-to-earnings ratio of 22.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.
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In related news, Director Bruce R. Chizen sold 206,250 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the completion of the sale, the director now owns 63,985 shares in the company, valued at $3,183,253.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Boskin sold 150,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $50.69, for a total value of $7,603,500.00. Following the sale, the director now owns 99,454 shares of the company’s stock, valued at approximately $5,041,323.26. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,582,600 in the last quarter. 29.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ORCL. Barometer Capital Management Inc. bought a new stake in Oracle Corporation during the first quarter worth $10,568,000. Nisa Investment Advisors LLC grew its holdings in Oracle Corporation by 4.3% during the first quarter. Nisa Investment Advisors LLC now owns 1,134,253 shares of the enterprise software provider’s stock worth $50,596,000 after buying an additional 46,840 shares in the last quarter. Quantitative Systematic Strategies LLC grew its holdings in Oracle Corporation by 213.2% during the first quarter. Quantitative Systematic Strategies LLC now owns 54,353 shares of the enterprise software provider’s stock worth $2,425,000 after buying an additional 37,001 shares in the last quarter. Granite Investment Advisors LLC grew its holdings in Oracle Corporation by 13.4% during the first quarter. Granite Investment Advisors LLC now owns 211,323 shares of the enterprise software provider’s stock worth $9,427,000 after buying an additional 24,999 shares in the last quarter. Finally, Quotient Investors LLC grew its holdings in Oracle Corporation by 263.2% during the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares in the last quarter. Institutional investors and hedge funds own 58.67% of the company’s stock.
About Oracle Corporation
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.
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