Oracle Corporation (ORCL) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Oracle Corporation (NYSE:ORCL) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The firm currently has $55.00 price objective on the enterprise software provider’s stock.
According to Zacks, “Oracle is benefiting from significant momentum in the SaaS offerings. The company stated that it is wining market share against salesforce.com and Workday. We believe the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future. Moreover, the next-generation autonomous database, which is supported by machine learning, is a key catalyst. Moreover, the company has positive record of earnings surprises in recent quarters. However, soft outlook for the second quarter reflects slowing cloud momentum, particularly due to increasing competition from Microsoft Azure and Amazon Web Services. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term. The stock has underperformed the industry on a year-to-date basis.”
Several other equities research analysts have also commented on ORCL. KeyCorp reaffirmed a buy rating and set a $61.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a buy rating and set a $60.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a buy rating and set a $52.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. BidaskClub lowered shares of Oracle Corporation from a buy rating to a hold rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $53.00 price target on shares of Oracle Corporation in a research report on Sunday, August 27th. Eleven analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $54.95.
Oracle Corporation (NYSE ORCL) opened at $48.94 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The stock has a market cap of $205,340.00, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. equities research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,821,999 in the last quarter. 29.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Acrospire Investment Management LLC boosted its holdings in Oracle Corporation by 947.4% in the second 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. Burt Wealth Advisors boosted its holdings in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Oracle Corporation by 81,200.0% in the third 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. Finally, TrimTabs Asset Management LLC boosted its holdings in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares in the last quarter. Institutional investors own 58.05% of the company’s stock.
Oracle Corporation 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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