Oracle (NYSE:ORCL) had its target price trimmed by MED from $56.00 to $55.00 in a research note released on Wednesday, The Fly reports. The brokerage currently has an overweight rating on the enterprise software provider’s stock. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on ORCL. Zacks Investment Research raised shares of Oracle from a sell rating to a hold rating in a research report on Monday, June 25th. ValuEngine raised shares of Oracle from a sell rating to a hold rating in a research report on Monday, July 2nd. Royal Bank of Canada decreased their price target on shares of Oracle from $55.00 to $52.00 and set a sector perform rating for the company in a research report on Wednesday, June 20th. Nomura decreased their price target on shares of Oracle from $60.00 to $59.00 and set a buy rating for the company in a research report on Friday, June 29th. Finally, Stifel Nicolaus decreased their price target on shares of Oracle from $53.00 to $50.00 and set a hold rating for the company in a research report on Wednesday, June 20th. Sixteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $53.92.

Shares of Oracle stock opened at $47.38 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. Oracle has a twelve month low of $42.57 and a twelve month high of $53.48. The firm has a market cap of $213.44 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Oracle will post 3.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.60%. Oracle’s payout ratio is currently 26.95%.

Oracle announced that its Board of Directors has initiated a share repurchase plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $49.42, for a total value of $185,325.00. Following the sale, the director now owns 27,969 shares in the company, valued at approximately $1,382,227.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,345,029.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,196 shares of company stock worth $9,235,790. Company insiders own 32.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Cpwm LLC raised its stake in Oracle by 6.5% during the second quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock worth $760,000 after acquiring an additional 1,050 shares during the period. Quadrant Private Wealth Management LLC raised its stake in Oracle by 0.9% during the second quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock worth $5,592,000 after acquiring an additional 1,072 shares during the period. Willow Creek Wealth Management Inc. raised its stake in Oracle by 15.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock worth $355,000 after acquiring an additional 1,084 shares during the period. Global Retirement Partners LLC raised its stake in Oracle by 7.8% during the second quarter. Global Retirement Partners LLC now owns 15,585 shares of the enterprise software provider’s stock worth $687,000 after acquiring an additional 1,122 shares during the period. Finally, Brighton Jones LLC raised its stake in Oracle by 4.2% during the second quarter. Brighton Jones LLC now owns 28,125 shares of the enterprise software provider’s stock worth $1,239,000 after acquiring an additional 1,128 shares during the period. Institutional investors and hedge funds own 53.43% of the company’s stock.

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.

Featured Article: Diversification in Your Portfolio

The Fly

Analyst Recommendations for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.