Oracle Co. (NYSE:ORCL) – Equities researchers at Jefferies Group boosted their Q1 2019 earnings estimates for shares of Oracle in a report issued on Tuesday. Jefferies Group analyst J. Difucci now forecasts that the enterprise software provider will earn $0.62 per share for the quarter, up from their prior forecast of $0.56. Jefferies Group has a “Buy” rating and a $61.00 price objective on the stock. Jefferies Group also issued estimates for Oracle’s Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.93 EPS.
ORCL has been the topic of several other reports. UBS set a $55.00 price target on shares of Oracle and gave the company a “neutral” rating in a report on Friday, December 15th. Oppenheimer reissued a “hold” rating on shares of Oracle in a report on Friday, December 15th. Royal Bank of Canada increased their target price on shares of Oracle to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Morgan Stanley raised shares of Oracle from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $46.63 to $47.71 in a report on Wednesday, January 3rd. Finally, Credit Suisse Group reissued a “buy” rating and set a $62.00 target price on shares of Oracle in a report on Sunday, February 18th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $56.17.
Oracle stock traded down $0.61 on Thursday, reaching $46.41. 10,605,800 shares of the company traded hands, compared to its average volume of 17,048,951. The firm has a market capitalization of $194,768.27, a PE ratio of 56.98, a PEG ratio of 1.80 and a beta of 1.05. The company has a quick ratio of 5.04, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. Oracle has a 1 year low of $43.60 and a 1 year high of $53.48.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share.
Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Oracle by 10.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 257,848 shares of the enterprise software provider’s stock worth $12,191,000 after buying an additional 23,924 shares in the last quarter. Fairfield Bush & CO. boosted its stake in Oracle by 4.3% during the fourth quarter. Fairfield Bush & CO. now owns 231,505 shares of the enterprise software provider’s stock worth $10,946,000 after buying an additional 9,470 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in Oracle during the fourth quarter worth $172,000. Colonial Trust Advisors boosted its stake in Oracle by 54.3% during the fourth quarter. Colonial Trust Advisors now owns 135,423 shares of the enterprise software provider’s stock worth $6,403,000 after buying an additional 47,642 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in Oracle by 7.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 633,636 shares of the enterprise software provider’s stock worth $29,958,000 after buying an additional 45,288 shares in the last quarter. Institutional investors and hedge funds own 57.93% of the company’s stock.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the transaction, the director now owns 62,498 shares in the company, valued at $3,208,647.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. Insiders sold 1,856,250 shares of company stock valued at $93,571,688 over the last three months. 29.00% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.64%. Oracle’s dividend payout ratio (DPR) is 92.68%.
Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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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.
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