Oracle Co. (NYSE:ORCL) – Equities research analysts at Jefferies Group lifted their Q4 2018 earnings per share (EPS) estimates for shares of Oracle in a report issued on Monday. Jefferies Group analyst J. Difucci now forecasts that the enterprise software provider will post earnings per share of $0.83 for the quarter, up from their prior forecast of $0.82. Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for Oracle’s FY2019 earnings at $2.78 EPS.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 21.05% and a net margin of 9.25%. Oracle’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share.
ORCL has been the subject of a number of other research reports. Morgan Stanley restated a “buy” rating on shares of Oracle in a report on Sunday. Oppenheimer reiterated a “hold” rating on shares of Oracle in a report on Friday, December 15th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. TheStreet cut Oracle from a “b+” rating to a “c+” rating in a research report on Monday. Finally, Instinet initiated coverage on Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $56.17.
ORCL stock traded up $0.38 during trading on Wednesday, reaching $47.43. The company’s stock had a trading volume of 4,312,606 shares, compared to its average volume of 16,689,230. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The stock has a market capitalization of $215,052.33, a price-to-earnings ratio of 57.38, a P/E/G ratio of 1.98 and a beta of 1.05. Oracle has a one year low of $43.60 and a one year high of $53.48.
A number of large investors have recently bought and sold shares of the business. Acrospire Investment Management LLC grew its holdings in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. grew its holdings in Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares in the last quarter. Cerebellum GP LLC acquired a new position in Oracle during the 4th quarter worth $126,000. Finally, ETF Managers Group LLC acquired a new position in Oracle during the 2nd quarter worth $133,000. 57.93% of the stock is currently owned by institutional investors.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total transaction of $186,450.00. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $901,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock worth $98,330,688 over the last 90 days. 29.00% of the stock is currently owned by company insiders.
Oracle declared that its board has initiated a share buyback program on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.60%. Oracle’s payout ratio is currently 92.68%.
Oracle 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.
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.