Oracle (ORCL) Stock Rating Reaffirmed by Wedbush

Oracle (NYSE:ORCL)‘s stock had its “neutral” rating reiterated by research analysts at Wedbush in a research note issued on Friday. They currently have a $52.00 price objective on the enterprise software provider’s stock, up from their prior price objective of $49.00. Wedbush’s price objective would suggest a potential downside of 1.98% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $57.00 target price on shares of Oracle in a research report on Tuesday, December 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Wednesday. BMO Capital Markets downgraded Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 target price for the company. in a research report on Friday. UBS Group lifted their target price on Oracle to $54.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Mitsubishi UFJ Financial Group lifted their target price on Oracle from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $52.55.

Shares of NYSE:ORCL opened at $53.05 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80. The stock has a market cap of $218.57 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Oracle has a 12-month low of $42.40 and a 12-month high of $53.47.

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

In related news, EVP Dorian Daley sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 102,919 shares in the company, valued at $4,631,355. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $46.42, for a total value of $174,075.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,298,320.98. The disclosure for this sale can be found here. Insiders sold a total of 42,552 shares of company stock valued at $1,945,486 in the last quarter. Company insiders own 32.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ORCL. Csenge Advisory Group acquired a new position in Oracle during the third quarter worth approximately $25,000. Massey Quick Simon & CO. LLC increased its position in Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after buying an additional 413 shares during the period. Riverview Trust Co acquired a new position in Oracle during the fourth quarter worth approximately $35,000. Truehand Inc acquired a new position in Oracle during the fourth quarter worth approximately $36,000. Finally, ERTS Wealth Advisors LLC acquired a new position in Oracle during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 46.80% of the company’s stock.

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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Analyst Recommendations for Oracle (NYSE:ORCL)

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