Oracle Corp. (ORCL) Rating Reiterated by JMP Securities

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Oracle Corp. (NYSE:ORCL)‘s stock had its “underperform” rating reaffirmed by JMP Securities in a research report issued to clients and investors on Friday. They currently have a $31.00 price objective on the enterprise software provider’s stock. JMP Securities’ target price points to a potential downside of 21.54% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Citigroup Inc. restated a “hold” rating on shares of Oracle Corp. in a research report on Saturday, June 18th. DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of Oracle Corp. in a research report on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 price target on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price target on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Finally, Stifel Nicolaus dropped their price target on shares of Oracle Corp. from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.89.

Shares of Oracle Corp. (NYSE:ORCL) traded down 0.721% during mid-day trading on Friday, reaching $39.225. 7,988,582 shares of the company’s stock were exchanged. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The company has a market cap of $161.04 billion, a PE ratio of 18.634 and a beta of 1.08. The company’s 50-day moving average price is $40.80 and its 200 day moving average price is $40.34.

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Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. On average, equities research analysts predict that Oracle Corp. will post $2.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $345,980.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the transaction, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Saturna Capital increased its position in shares of Oracle Corp. by 0.9% in the third quarter. Saturna Capital now owns 692,896 shares of the enterprise software provider’s stock worth $25,027,000 after buying an additional 6,325 shares during the period. International Value Advisers increased its position in shares of Oracle Corp. by 2.0% in the third quarter. International Value Advisers now owns 7,118,841 shares of the enterprise software provider’s stock worth $257,133,000 after buying an additional 139,672 shares during the period. Perigon Wealth Management increased its position in shares of Oracle Corp. by 9.9% in the third quarter. Perigon Wealth Management now owns 9,987 shares of the enterprise software provider’s stock worth $361,000 after buying an additional 899 shares during the period. Loge Solutions bought a new position in shares of Oracle Corp. during the third quarter worth about $2,173,000. Finally, ING Groep increased its position in shares of Oracle Corp. by 11.4% in the third quarter. ING Groep now owns 309,847 shares of the enterprise software provider’s stock worth $11,189,000 after buying an additional 31,670 shares during the period. 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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