Oracle Corporation (ORCL) Downgraded by Vetr Inc.

Vetr downgraded shares of Oracle Corporation (NYSE:ORCL) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning. They currently have $51.82 target price on the enterprise software provider’s stock.

ORCL has been the topic of several other research reports. Jefferies Group LLC upped their price objective on Oracle Corporation from $60.00 to $61.00 and gave the company a buy rating in a research note on Friday, September 15th. Credit Suisse Group began coverage on Oracle Corporation in a research note on Tuesday, September 5th. They issued an outperform rating and a $62.00 price objective on the stock. Zacks Investment Research downgraded Oracle Corporation from a hold rating to a sell rating in a research note on Monday, October 23rd. BidaskClub upgraded Oracle Corporation from a hold rating to a buy rating in a research report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group restated a buy rating and set a $63.00 target price on shares of Oracle Corporation in a research report on Friday, September 15th. Eleven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $54.85.



Oracle Corporation (NYSE ORCL) opened at $48.58 on Monday. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $202,956.63, a P/E ratio of 19.07, a P/E/G ratio of 1.85 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the 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 business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that Oracle Corporation will post 2.68 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is 33.19%.

In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,821,999 in the last ninety days. Insiders own 29.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC increased its stake in shares of 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 valued at $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors increased its stake in shares of Oracle Corporation by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of Oracle Corporation by 65.9% during the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after purchasing an additional 947 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of 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 valued at $123,000 after purchasing an additional 206 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Oracle Corporation by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares in the last quarter. 58.09% of the stock is owned by institutional investors and hedge funds.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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