Oracle Corp. (ORCL) Earns Market Perform Rating from William Blair
Oracle Corp. (NYSE:ORCL)‘s stock had its “market perform” rating reaffirmed by William Blair in a research note issued to investors on Friday.
A number of other research firms also recently weighed in on ORCL. Sanford C. Bernstein reissued an “outperform” rating and set a $51.00 target price on shares of Oracle Corp. in a report on Friday, July 15th. Macquarie reissued an “outperform” rating on shares of Oracle Corp. in a report on Tuesday, July 19th. Atlantic Securities downgraded Oracle Corp. from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. BTIG Research lifted their target price on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Vetr downgraded Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 target price for the company. in a report on Monday, August 15th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.61.
Oracle Corp. (NYSE:ORCL) opened at 40.86 on Friday. The company has a market cap of $168.45 billion, a price-to-earnings ratio of 19.74 and a beta of 1.08. The stock has a 50 day moving average of $41.04 and a 200 day moving average of $40.28. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00.
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Oracle Corp. (NYSE:ORCL) last posted its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.32% and a net margin of 24.02%. The firm had revenue of $8.60 billion for the quarter. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.99%.
In other Oracle Corp. news, Director Naomi O. Seligman sold 25,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total value of $1,018,500.00. Following the completion of the transaction, the director now owns 32,654 shares in the company, valued at approximately $1,330,323.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $41.12, for a total value of $154,200.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $340,514.72. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First American Trust FSB increased its position in Oracle Corp. by 5.4% in the first quarter. First American Trust FSB now owns 99,830 shares of the enterprise software provider’s stock valued at $4,084,000 after buying an additional 5,113 shares during the last quarter. Stillwater Investment Management LLC increased its position in Oracle Corp. by 18.0% in the first quarter. Stillwater Investment Management LLC now owns 33,657 shares of the enterprise software provider’s stock valued at $1,356,000 after buying an additional 5,125 shares during the last quarter. Trust Co. of Virginia VA increased its position in Oracle Corp. by 0.7% in the first quarter. Trust Co. of Virginia VA now owns 176,865 shares of the enterprise software provider’s stock valued at $7,236,000 after buying an additional 1,204 shares during the last quarter. Fulton Bank N.A. increased its position in Oracle Corp. by 61.1% in the first quarter. Fulton Bank N.A. now owns 52,456 shares of the enterprise software provider’s stock valued at $2,146,000 after buying an additional 19,890 shares during the last quarter. Finally, Union Bankshares Corp increased its position in Oracle Corp. by 2.1% in the first quarter. Union Bankshares Corp now owns 70,607 shares of the enterprise software provider’s stock valued at $2,889,000 after buying an additional 1,458 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.
About Oracle Corp.
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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