Vetr Inc. Downgrades Oracle Corporation (ORCL) to Hold

Oracle Corporation (NYSE:ORCL) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Tuesday, October 24th. They presently have a $51.74 target price on the enterprise software provider’s stock. Vetr‘s price objective would suggest a potential upside of 4.91% from the company’s previous close.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Oracle Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Stifel Nicolaus restated a “buy” rating on shares of Oracle Corporation in a research report on Sunday, October 22nd. BidaskClub upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Canaccord Genuity initiated coverage on Oracle Corporation in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) set a $56.00 price target on Oracle Corporation and gave the company a “buy” rating in a report on Friday, October 6th. Twelve investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Oracle Corporation currently has a consensus rating of “Buy” and a consensus price target of $55.05.

Oracle Corporation (NYSE ORCL) opened at $49.32 on Tuesday. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14. The stock has a market capitalization of $205,836.33, a PE ratio of 19.34, a P/E/G ratio of 1.88 and a beta of 1.07. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts expect that Oracle Corporation will post 2.68 EPS for the current year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $48.70, for a total value of $182,625.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,822,112 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ORCL. Acrospire Investment Management LLC raised its holdings in Oracle Corporation by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors raised its holdings in Oracle Corporation by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Oracle Corporation by 1,150.0% in the 1st 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 last quarter. TrimTabs Asset Management LLC raised its holdings in Oracle Corporation by 88.8% in the 1st 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 last quarter. Finally, Baystate Wealth Management LLC raised its holdings in Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 58.10% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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