Oracle (ORCL) Earns Buy Rating from Drexel Hamilton

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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About Oracle

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)

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