BMO Capital Markets Reaffirms Market Perform Rating for Oracle (NYSE:ORCL)

BMO Capital Markets reissued their market perform rating on shares of Oracle (NYSE:ORCL) in a report published on Thursday morning, BenzingaRatingsTable reports. The firm currently has a $60.00 price objective on the enterprise software provider’s stock, up from their prior price objective of $59.00.

A number of other research firms have also issued reports on ORCL. Raymond James upped their price target on Oracle from $57.00 to $61.00 and gave the company an outperform rating in a research report on Thursday, June 20th. Wedbush reiterated a neutral rating and issued a $55.00 price objective (down from $55.92) on shares of Oracle in a report on Thursday, June 20th. KeyCorp reiterated a hold rating on shares of Oracle in a report on Thursday, June 20th. Morgan Stanley upped their price objective on Oracle from $54.00 to $59.00 and gave the company an equal weight rating in a report on Tuesday, May 21st. Finally, UBS Group reiterated a neutral rating and issued a $54.00 price objective on shares of Oracle in a report on Friday, June 14th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $55.88.

ORCL stock opened at $53.75 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The business has a 50 day simple moving average of $54.06 and a 200-day simple moving average of $54.46. The firm has a market capitalization of $179.77 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. Oracle has a 1 year low of $42.40 and a 1 year high of $60.50.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 45.61% and a net margin of 27.71%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. On average, equities research analysts expect that Oracle will post 3.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, October 9th. Oracle’s payout ratio is currently 30.38%.

In other news, CAO W Corey West sold 50,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the sale, the chief accounting officer now directly owns 85,348 shares in the company, valued at $4,800,825. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $56.92, for a total value of $5,692,000.00. Following the completion of the sale, the executive vice president now owns 177,919 shares in the company, valued at $10,127,149.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,140,000 shares of company stock worth $117,501,425. Insiders own 32.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Evolution Wealth Advisors LLC increased its holdings in Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 346 shares during the last quarter. Investors Research Corp purchased a new position in Oracle in the first quarter valued at $30,000. Next Capital Management LLC purchased a new position in Oracle in the second quarter valued at $36,000. Covenant Multifamily Offices LLC purchased a new position in Oracle in the first quarter valued at $35,000. Finally, Shamrock Asset Management LLC increased its holdings in Oracle by 577.0% in the second quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock valued at $39,000 after buying an additional 577 shares during the last quarter. 53.05% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Analyst Recommendations for Oracle (NYSE:ORCL)

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