Drexel Hamilton reiterated their buy rating on shares of Oracle (NYSE:ORCL) in a research note published on Tuesday, November 21st. The brokerage currently has a $62.00 price target on the enterprise software provider’s stock.
A number of other equities analysts have also commented on the stock. Credit Suisse Group started coverage on shares of Oracle in a research report on Tuesday, September 5th. They set an outperform rating and a $62.00 price target on the stock. Zacks Investment Research lowered shares of Oracle from a buy rating to a hold rating in a research report on Monday, August 28th. Vetr downgraded shares of Oracle from a buy rating to a hold rating and set a $46.58 price objective on the stock. in a research note on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, UBS reiterated a neutral rating and set a $55.00 price objective (down from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Twelve research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Oracle has an average rating of Buy and an average price target of $54.77.
Oracle (ORCL) opened at $48.52 on Tuesday. The firm has a market cap of $203,460.00, a PE ratio of 18.82, a PEG ratio of 1.83 and a beta of 1.05. Oracle has a 1 year low of $38.30 and a 1 year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the firm earned $0.55 earnings per share. Oracle’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts predict that Oracle will post 2.68 EPS for the current fiscal year.
In related news, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. Company insiders own 29.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank boosted its holdings in Oracle by 4.2% during the 1st quarter. Comerica Bank now owns 976,212 shares of the enterprise software provider’s stock worth $43,705,000 after acquiring an additional 39,077 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its holdings in Oracle by 0.3% during the 1st quarter. Nelson Roberts Investment Advisors LLC now owns 110,991 shares of the enterprise software provider’s stock worth $4,951,000 after acquiring an additional 375 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Oracle by 7.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 552,540 shares of the enterprise software provider’s stock worth $24,649,000 after acquiring an additional 37,116 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Oracle by 28.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,243,219 shares of the enterprise software provider’s stock worth $100,070,000 after buying an additional 492,400 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. boosted its holdings in shares of Oracle by 4.1% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 7,600 shares of the enterprise software provider’s stock worth $339,000 after buying an additional 300 shares during the last quarter. 57.70% of the stock is owned by institutional investors and hedge funds.
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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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