Oracle Corporation (NYSE:ORCL)‘s stock had its “buy” rating reiterated by BTIG Research in a report released on Tuesday. They currently have a $58.00 price target on the enterprise software provider’s stock. BTIG Research’s price target would suggest a potential upside of 20.73% from the stock’s current price.
A number of other equities analysts have also issued reports on ORCL. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research report on Sunday, September 3rd. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 25th. Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 target price on shares of Oracle Corporation in a research report on Sunday, August 27th. Finally, ValuEngine raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $53.33.
Oracle Corporation (ORCL) traded down 0.60% during midday trading on Tuesday, reaching $48.04. 23,068,271 shares of the company were exchanged. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The firm’s 50-day moving average is $49.90 and its 200-day moving average is $47.08. The firm has a market cap of $198.73 billion, a P/E ratio of 21.74 and a beta of 1.05. Oracle Corporation also was the target of unusually large options trading activity on Monday. Stock investors acquired 39,975 call options on the company. This represents an increase of 122% compared to the average daily volume of 18,038 call options.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data 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 net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the company earned $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.
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In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. 29.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its stake in shares of Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors grew its stake in shares of Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC grew its stake in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its stake in shares of Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares in the last quarter. 58.64% of the stock is owned by institutional investors and hedge funds.
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.
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