Oracle (NYSE:ORCL)‘s stock had its “buy” rating restated by stock analysts at Morgan Stanley in a research report issued to clients and investors on Sunday.
Several other equities analysts have also recently commented on the stock. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a research report on Saturday. Barclays increased their price target on shares of Oracle from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, March 12th. They noted that the move was a valuation call. OTR Global cut shares of Oracle to a “positive” rating in a research report on Friday, March 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 price target on shares of Oracle in a research report on Sunday, February 18th. Finally, Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price target on the stock. in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the company. Oracle has a consensus rating of “Buy” and an average target price of $56.38.
Shares of Oracle (NYSE:ORCL) traded down $0.10 during mid-day trading on Friday, hitting $52.27. 17,883,567 shares of the stock traded hands, compared to its average volume of 13,018,100. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle has a twelve month low of $43.60 and a twelve month high of $53.48. The company has a market capitalization of $216,377.00, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts expect that Oracle will post 2.68 earnings per share for the current fiscal year.
Oracle declared that its board has approved a share buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the transaction, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $49.66, for a total transaction of $186,225.00. The disclosure for this sale can be found here. Insiders have sold 1,952,500 shares of company stock worth $98,134,975 in the last quarter. Company insiders own 29.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its holdings in Oracle 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 buying an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. boosted its holdings in Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares in the last quarter. Cerebellum GP LLC bought a new stake in Oracle during the fourth quarter worth approximately $126,000. Finally, ETF Managers Group LLC bought a new stake in Oracle during the second quarter worth approximately $133,000. Institutional investors and hedge funds own 58.03% of the company’s stock.
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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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