Jefferies Group LLC reiterated their buy rating on shares of Oracle Co. (NYSE:ORCL) in a report published on Friday. Jefferies Group LLC currently has a $52.00 target price on the enterprise software provider’s stock.
Several other brokerages also recently issued reports on ORCL. Raymond James Financial, Inc. reissued an outperform rating on shares of Oracle in a research note on Tuesday, January 24th. Vetr downgraded shares of Oracle from a strong-buy rating to a buy rating and set a $44.76 price target on the stock. in a research note on Tuesday, January 24th. Zacks Investment Research raised shares of Oracle from a sell rating to a hold rating in a research note on Tuesday, February 7th. Cowen and Company reaffirmed an outperform rating and set a $46.00 price target on shares of Oracle in a research note on Thursday, February 23rd. Finally, Canaccord Genuity reaffirmed a buy rating and set a $45.00 price target on shares of Oracle in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $46.42.
Oracle (NYSE:ORCL) opened at 44.83 on Friday. The company has a 50-day moving average of $44.73 and a 200-day moving average of $41.90. Oracle has a 52 week low of $37.62 and a 52 week high of $46.99. The stock has a market capitalization of $184.46 billion, a price-to-earnings ratio of 21.21 and a beta of 1.14.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts anticipate that Oracle will post $2.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th were paid a $0.19 dividend. The ex-dividend date was Monday, April 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. This is a boost from Oracle’s previous quarterly dividend of $0.15. Oracle’s payout ratio is currently 28.99%.
In other news, CEO Mark V. Hurd sold 700,000 shares of Oracle stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $46.44, for a total value of $32,508,000.00. Following the transaction, the chief executive officer now owns 903,891 shares of the company’s stock, valued at approximately $41,976,698.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $44.84, for a total transaction of $4,484,000.00. Following the completion of the transaction, the executive vice president now directly owns 130,977 shares in the company, valued at approximately $5,873,008.68. The disclosure for this sale can be found here. Insiders sold a total of 6,834,841 shares of company stock worth $309,094,949 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in ORCL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 107,202 shares during the period. Reilly Financial Advisors LLC increased its position in Oracle by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Oracle by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares during the period. Gradient Investments LLC increased its position in Oracle by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares during the period. Finally, TrimTabs Asset Management LLC increased its position in Oracle by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares during the period. 57.95% of the stock is currently owned by institutional investors.
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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