Royal Bank of Canada set a $57.00 price target on Oracle (NYSE:ORCL) in a research note issued to investors on Thursday, AnalystRatings.com reports. The brokerage currently has a neutral rating on the enterprise software provider’s stock.

Several other brokerages have also recently commented on ORCL. Zacks Investment Research upgraded shares of Oracle from a hold rating to a buy rating and set a $61.00 price target on the stock in a research note on Wednesday, May 15th. KeyCorp restated a hold rating on shares of Oracle in a research report on Thursday, June 20th. Cowen assumed coverage on shares of Oracle in a research report on Friday, August 16th. They set a buy rating and a $65.00 target price on the stock. JPMorgan Chase & Co. restated a neutral rating and set a $53.00 target price on shares of Oracle in a research report on Tuesday, June 18th. Finally, Wedbush restated a neutral rating and set a $55.00 target price (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $55.88.

Shares of ORCL stock opened at $53.75 on Thursday. The stock has a market cap of $179.77 billion, a P/E ratio of 17.01, a PEG ratio of 1.57 and a beta of 1.18. Oracle has a 52 week low of $42.40 and a 52 week high of $60.50. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. The company’s fifty day simple moving average is $54.06 and its two-hundred day simple moving average is $54.46.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 45.61%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. On average, analysts anticipate that Oracle will post 3.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.96 annualized dividend and a yield of 1.79%. Oracle’s payout ratio is 30.38%.

In other Oracle news, CAO W Corey West sold 50,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.25, for a total value of $2,812,500.00. Following the transaction, the chief accounting officer now directly owns 85,348 shares in the company, valued at approximately $4,800,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the completion of the transaction, the chief executive officer now owns 874,871 shares in the company, valued at $49,246,488.59. The disclosure for this sale can be found here. Insiders have sold a total of 2,140,000 shares of company stock worth $117,501,425 over the last quarter. 32.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of ORCL. Associated Banc Corp boosted its stake in shares of Oracle by 8.7% during the second quarter. Associated Banc Corp now owns 18,697 shares of the enterprise software provider’s stock valued at $1,065,000 after purchasing an additional 1,502 shares in the last quarter. Meridian Financial Partners LLC boosted its stake in shares of Oracle by 2.2% during the first quarter. Meridian Financial Partners LLC now owns 10,181 shares of the enterprise software provider’s stock valued at $555,000 after purchasing an additional 224 shares in the last quarter. B. Riley Wealth Management Inc. boosted its stake in shares of Oracle by 9.7% during the first quarter. B. Riley Wealth Management Inc. now owns 6,537 shares of the enterprise software provider’s stock valued at $351,000 after purchasing an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Oracle by 7.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099,788 shares of the enterprise software provider’s stock valued at $59,070,000 after purchasing an additional 77,283 shares in the last quarter. Finally, BSW Wealth Partners bought a new position in shares of Oracle during the second quarter valued at approximately $297,000. Institutional investors and hedge funds own 53.05% 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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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.