Oracle (NYSE:ORCL) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report released on Wednesday. They presently have a $51.82 price objective on the enterprise software provider’s stock. Vetr‘s price target would indicate a potential upside of 3.17% from the company’s current price.
Several other analysts have also recently commented on ORCL. Drexel Hamilton restated a “buy” rating and set a $62.00 price objective on shares of Oracle in a research note on Monday, October 2nd. BTIG Research reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle in a research note on Tuesday, September 19th. BidaskClub cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BMO Capital Markets decreased their target price on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, December 15th. Finally, Morgan Stanley upgraded shares of Oracle from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $46.63 to $47.71 in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.27.
Shares of Oracle (ORCL) opened at $50.23 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle has a 12 month low of $39.10 and a 12 month high of $53.14. The company has a market cap of $209,630.00, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts predict that Oracle will post 2.68 earnings per share for the current year.
Oracle announced that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last three months, insiders sold 111,250 shares of company stock valued at $5,310,063. 29.00% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in shares of Oracle by 3.8% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 113,010 shares of the enterprise software provider’s stock worth $5,343,000 after buying an additional 4,125 shares in the last quarter. Jolley Asset Management LLC grew its holdings in shares of Oracle by 4.2% during the fourth quarter. Jolley Asset Management LLC now owns 66,540 shares of the enterprise software provider’s stock worth $3,146,000 after buying an additional 2,658 shares in the last quarter. Oakbrook Investments LLC grew its holdings in shares of Oracle by 40.5% during the fourth quarter. Oakbrook Investments LLC now owns 154,945 shares of the enterprise software provider’s stock worth $7,326,000 after buying an additional 44,690 shares in the last quarter. Smithbridge Asset Management Inc. DE grew its holdings in shares of Oracle by 2.3% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 77,896 shares of the enterprise software provider’s stock worth $3,683,000 after buying an additional 1,730 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. grew its holdings in shares of Oracle by 2.7% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 40,265 shares of the enterprise software provider’s stock worth $1,904,000 after buying an additional 1,040 shares in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.
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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.
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