Oracle (ORCL) Lowered to “Hold” at Stifel Nicolaus

Oracle (NYSE:ORCL) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $53.00 price target on the enterprise software provider’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 2.02% from the stock’s previous close.

Several other equities analysts have also recently weighed in on ORCL. Wedbush reissued a “buy” rating and set a $58.00 price objective on shares of Oracle in a research report on Friday, December 15th. Goldman Sachs set a $58.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Friday, December 15th. Canaccord Genuity cut their price objective on Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, December 15th. Jefferies Group set a $61.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, JPMorgan Chase & Co. set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.32.

How to Become a New Pot Stock Millionaire

Shares of Oracle (ORCL) opened at $51.95 on Tuesday. Oracle has a 12-month low of $43.60 and a 12-month high of $53.48. The firm has a market capitalization of $216,377.00, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. sell-side analysts expect that Oracle will post 2.68 EPS for the current fiscal year.

Oracle announced that its board has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $901,175. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,956,250 shares of company stock worth $98,330,688. Corporate insiders own 29.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Oracle by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after acquiring an additional 5,270,359 shares during the last quarter. BlackRock Inc. grew its position in Oracle by 2.5% during the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after acquiring an additional 4,678,977 shares during the last quarter. Harris Associates L P grew its position in Oracle by 17.9% during the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after acquiring an additional 7,427,501 shares during the last quarter. Northern Trust Corp grew its position in Oracle by 4.6% during the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after acquiring an additional 1,835,835 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Oracle by 5.8% during the 2nd quarter. Franklin Resources Inc. now owns 40,206,990 shares of the enterprise software provider’s stock worth $2,015,961,000 after acquiring an additional 2,193,120 shares during the last quarter. Institutional investors own 57.93% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2018/03/20/oracle-orcl-lowered-to-hold-at-stifel-nicolaus.html.

Oracle 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.

Analyst Recommendations for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply