Published On: Fri, Sep 16th, 2016

Oracle Corp. (ORCL) Stock Rating Reaffirmed by Cowen and Company

Oracle Corp. (NYSE:ORCL)‘s stock had its “outperform” rating restated by equities research analysts at Cowen and Company in a research note issued on Friday. They presently have a $46.00 price objective on the enterprise software provider’s stock. Cowen and Company’s price target would suggest a potential upside of 18.19% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Citigroup Inc. reiterated a “hold” rating on shares of Oracle Corp. in a research note on Saturday, June 18th. BMO Capital Markets decreased their price objective on shares of Oracle Corp. from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley restated a “hold” rating and issued a $41.00 price objective on shares of Oracle Corp. in a research note on Friday. Royal Bank Of Canada decreased their price objective on shares of Oracle Corp. from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Wedbush restated a “neutral” rating and issued a $41.00 price objective on shares of Oracle Corp. in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.57.
Oracle Corp. (NYSE:ORCL) traded down 4.75% during midday trading on Friday, hitting $38.92. The stock had a trading volume of 50,349,816 shares. The stock has a 50 day moving average of $41.04 and a 200 day moving average of $40.28. The stock has a market cap of $160.46 billion, a price-to-earnings 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.

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Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a return on equity of 22.32% and a net margin of 24.02%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. Analysts expect that Oracle Corp. will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.99%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 25,000 shares of Oracle Corp. 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 completion of the transaction, the director now directly owns 32,654 shares in the company, valued at $1,330,323.96. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its stake in Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC acquired a new stake in Oracle Corp. during the second quarter valued at approximately $102,000. WESPAC Advisors SoCal LLC increased its stake in Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock valued at $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX increased its stake in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corp. 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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