Oracle (ORCL) Rating Lowered to Market Perform at BMO Capital Markets

Oracle (NYSE:ORCL) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Friday, The Fly reports.

Several other research firms also recently commented on ORCL. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 price target on shares of Oracle in a research note on Wednesday. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday. Nomura reaffirmed a “reduce” rating and set a $42.00 price objective (down previously from $53.00) on shares of Oracle in a research report on Monday. Credit Suisse Group set a $60.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research report on Monday. Finally, Standpoint Research cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.12.

Shares of ORCL opened at $53.05 on Friday. The firm has a market cap of $218.57 billion, a P/E ratio of 18.81, a PEG ratio of 1.75 and a beta of 1.08. Oracle has a 1-year low of $42.40 and a 1-year high of $53.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Oracle will post 3.07 earnings per share for the current year.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $51.51, for a total value of $193,162.50. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,440,683.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 25,000 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 102,919 shares of the company’s stock, valued at approximately $4,631,355. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock valued at $1,945,486 in the last three months. Company insiders own 32.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Landmark Financial Advisors LLC lifted its holdings in shares of Oracle by 2.1% in the 4th quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock worth $434,000 after purchasing an additional 200 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of Oracle by 4.7% in the 4th quarter. Moloney Securities Asset Management LLC now owns 5,007 shares of the enterprise software provider’s stock worth $226,000 after purchasing an additional 223 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Oracle by 0.7% in the 4th quarter. Quadrant Capital Group LLC now owns 34,344 shares of the enterprise software provider’s stock worth $1,528,000 after purchasing an additional 230 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Oracle by 17.1% in the 4th quarter. Patten Group Inc. now owns 1,591 shares of the enterprise software provider’s stock worth $72,000 after purchasing an additional 232 shares in the last quarter. Finally, Arrow Financial Corp lifted its holdings in shares of Oracle by 0.5% in the 4th quarter. Arrow Financial Corp now owns 51,262 shares of the enterprise software provider’s stock worth $2,315,000 after purchasing an additional 260 shares in the last quarter. 46.80% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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