Oracle Co. (NYSE:ORCL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Oracle Co. (NYSE:ORCL) have received an average recommendation of “Hold” from the thirty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $55.04.

Several research analysts recently weighed in on ORCL shares. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, May 15th. Wedbush reaffirmed a “neutral” rating and issued a $55.00 target price (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $59.00 target price (up from $53.00) on shares of Oracle in a research report on Thursday, June 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 price target on shares of Oracle in a report on Tuesday, June 18th. Finally, Macquarie downgraded Oracle from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total value of $204,450.00. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 85,348 shares in the company, valued at approximately $4,800,825. The disclosure for this sale can be found here. Insiders have sold 1,356,250 shares of company stock valued at $76,913,375 over the last 90 days. Insiders own 32.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Magellan Asset Management Ltd lifted its holdings in Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock worth $1,396,803,000 after acquiring an additional 148,974 shares during the last quarter. Norges Bank bought a new position in Oracle in the fourth quarter worth about $1,235,719,000. Clearbridge Investments LLC lifted its holdings in Oracle by 1.7% in the first quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock worth $1,115,989,000 after acquiring an additional 345,982 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Oracle by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 15,877,915 shares of the enterprise software provider’s stock worth $716,891,000 after acquiring an additional 626,766 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Oracle by 3.8% in the second quarter. Fisher Asset Management LLC now owns 15,567,402 shares of the enterprise software provider’s stock worth $886,875,000 after acquiring an additional 562,921 shares during the last quarter. 54.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ORCL traded down $0.04 during trading hours on Friday, hitting $55.84. The stock had a trading volume of 12,644,400 shares, compared to its average volume of 10,174,182. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $187.81 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.64 and a beta of 1.15. The stock has a fifty day simple moving average of $57.41. Oracle has a 12-month low of $42.40 and a 12-month high of $60.50.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $11.14 billion for the quarter, compared to analyst estimates of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. As a group, sell-side analysts expect that Oracle will post 3.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.72%. Oracle’s dividend payout ratio is presently 30.38%.

About Oracle

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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