Oracle Corporation (ORCL) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Oracle Corporation (NYSE:ORCL) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

ORCL has been the topic of several other reports. Vetr cut Oracle Corporation from a buy rating to a hold rating and set a $46.58 price objective on the stock. in a report on Sunday, September 3rd. Zacks Investment Research cut Oracle Corporation from a buy rating to a hold rating in a report on Monday, August 28th. Jefferies Group LLC reiterated a buy rating and issued a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a buy rating and issued a $53.00 price objective on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine upgraded Oracle Corporation from a hold rating to a buy rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have issued a buy rating to the company. Oracle Corporation currently has an average rating of Buy and an average target price of $53.37.

Oracle Corporation (NYSE:ORCL) traded down 0.20% during midday trading on Wednesday, hitting $49.25. The company had a trading volume of 15,501,538 shares. The company has a 50 day moving average price of $49.37 and a 200 day moving average price of $47.81. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The firm has a market capitalization of $205.52 billion, a P/E ratio of 21.42 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the firm posted $0.55 EPS. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Oracle Corporation (ORCL) Lifted to Buy at BidaskClub” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/21/oracle-corporation-orcl-lifted-to-buy-at-bidaskclub.html.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. Oracle Corporation’s payout ratio is 33.19%.

In related news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $885,587.50. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,822,112 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Acrospire Investment Management LLC raised its holdings in Oracle Corporation by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors raised its holdings in Oracle Corporation by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its holdings in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 20

ORCL has been the topic of several other reports. Vetr cut Oracle Corporation from a buy rating to a hold rating and set a $46.58 price objective on the stock. in a report on Sunday, September 3rd. Zacks Investment Research cut Oracle Corporation from a buy rating to a hold rating in a report on Monday, August 28th. Jefferies Group LLC reiterated a buy rating and issued a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a buy rating and issued a $53.00 price objective on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine upgraded Oracle Corporation from a hold rating to a buy rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have issued a buy rating to the company. Oracle Corporation currently has an average rating of Buy and an average target price of $53.37.

Oracle Corporation (NYSE:ORCL) traded down 0.20% during midday trading on Wednesday, hitting $49.25. The company had a trading volume of 15,501,538 shares. The company has a 50 day moving average price of $49.37 and a 200 day moving average price of $47.81. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The firm has a market capitalization of $205.52 billion, a P/E ratio of 21.42 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the firm posted $0.55 EPS. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Oracle Corporation (ORCL) Lifted to Buy at BidaskClub” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/21/oracle-corporation-orcl-lifted-to-buy-at-bidaskclub.html.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. Oracle Corporation’s payout ratio is 33.19%.

In related news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $885,587.50. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,822,112 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Acrospire Investment Management LLC raised its holdings in Oracle Corporation by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors raised its holdings in Oracle Corporation by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its holdings in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares in the last quarter. 57.83% of the stock is owned by hedge funds and other institutional investors.

Oracle Corporation 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.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply