Published On: Fri, Sep 16th, 2016

Oracle Corp. (ORCL) Receives Neutral Rating from Wedbush

Oracle Corp. (NYSE:ORCL)‘s stock had its “neutral” rating reissued by investment analysts at Wedbush in a report issued on Friday. They currently have a $41.00 price objective on the enterprise software provider’s stock. Wedbush’s target price would suggest a potential upside of 5.34% from the stock’s previous close.
A number of other research firms also recently weighed in on ORCL. BTIG Research reissued a “buy” rating and set a $44.00 target price on shares of Oracle Corp. in a report on Friday, June 17th. Vetr downgraded Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price for the company. in a report on Wednesday, September 7th. DA Davidson initiated coverage on Oracle Corp. in a report on Monday, August 8th. They set a “buy” rating for the company. Morgan Stanley reissued a “hold” rating and set a $41.00 target price on shares of Oracle Corp. in a report on Friday. Finally, MKM Partners reissued a “hold” rating and set a $42.00 target price on shares of Oracle Corp. in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Oracle Corp. has a consensus rating of “Buy” and an average target price of $44.57.
Shares of Oracle Corp. (NYSE:ORCL) traded down 4.75% during midday trading on Friday, reaching $38.92. 50,349,816 shares of the company’s stock were exchanged. The stock has a market cap of $160.46 billion, a PE ratio of 18.80 and a beta of 1.08. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The company’s 50 day moving average is $41.04 and its 200-day moving average is $40.28.

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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 analysts forecast that Oracle Corp. will post $2.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Oracle Corp.’s dividend payout ratio is 28.99%.
In related news, Director Naomi O. Seligman sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $1,330,323.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was 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 in the company, 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.
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Oracle Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 192,375,888 shares of the enterprise software provider’s stock valued at $7,873,946,000 after buying an additional 812,821 shares during the last quarter. First Eagle Investment Management LLC raised its position in Oracle Corp. by 1.7% in the second quarter. First Eagle Investment Management LLC now owns 40,498,196 shares of the enterprise software provider’s stock valued at $1,657,591,000 after buying an additional 694,698 shares during the last quarter. BlackRock Fund Advisors raised its position in Oracle Corp. by 0.9% in the second quarter. BlackRock Fund Advisors now owns 40,398,570 shares of the enterprise software provider’s stock valued at $1,653,513,000 after buying an additional 368,093 shares during the last quarter. Magellan Asset Management Ltd raised its position in Oracle Corp. by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 27,617,584 shares of the enterprise software provider’s stock valued at $1,130,388,000 after buying an additional 415,490 shares during the last quarter. Finally, First Pacific Advisors LLC raised its position in Oracle Corp. by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock valued at $1,091,481,000 after buying an additional 1,486,487 shares during the last quarter. Institutional investors and hedge funds 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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