Oracle (NYSE:ORCL) Stock Rating Reaffirmed by Argus
Argus restated their buy rating on shares of Oracle (NYSE:ORCL) in a report published on Friday morning, 24/7 WallStreet reports.
Several other research firms have also weighed in on ORCL. Wells Fargo & Co boosted their price target on Oracle from $60.00 to $65.00 and gave the stock an outperform rating in a research report on Thursday, June 20th. Wedbush reaffirmed a neutral rating and set a $55.00 price target on shares of Oracle in a research report on Friday. Macquarie lowered Oracle from an outperform rating to a neutral rating and lowered their price target for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Credit Suisse Group set a $62.00 price target on Oracle and gave the stock a buy rating in a research report on Thursday, September 12th. Finally, Morgan Stanley boosted their price target on Oracle from $54.00 to $59.00 and gave the stock an equal weight rating in a research report on Tuesday, May 21st. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $55.88.
NYSE:ORCL opened at $53.14 on Friday. The firm has a market capitalization of $179.77 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. Oracle has a twelve month low of $42.40 and a twelve month high of $60.50. The stock’s 50 day moving average price is $53.77 and its two-hundred day moving average price is $54.48. 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 also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 annualized dividend and a yield of 1.81%. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
In related news, CAO W Corey West sold 50,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the sale, the chief accounting officer now directly owns 85,348 shares in the company, valued at approximately $4,800,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the sale, the chief executive officer now owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The disclosure for this sale can be found here. Insiders sold a total of 2,140,000 shares of company stock valued at $117,501,425 over the last 90 days. 32.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Longview Partners Guernsey LTD boosted its stake in Oracle by 16.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock valued at $1,267,227,000 after purchasing an additional 3,220,296 shares during the period. Clearbridge Investments LLC lifted its position in shares of Oracle by 1.7% during the 1st quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock valued at $1,115,989,000 after acquiring an additional 345,982 shares during the period. Fisher Asset Management LLC lifted its position in shares of Oracle by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 15,567,402 shares of the enterprise software provider’s stock valued at $886,875,000 after acquiring an additional 562,921 shares during the period. Polen Capital Management LLC lifted its position in shares of Oracle by 3.1% during the 2nd quarter. Polen Capital Management LLC now owns 14,444,171 shares of the enterprise software provider’s stock valued at $822,884,000 after acquiring an additional 430,254 shares during the period. Finally, Boston Partners lifted its position in shares of Oracle by 5.0% during the 1st quarter. Boston Partners now owns 13,088,162 shares of the enterprise software provider’s stock valued at $702,965,000 after acquiring an additional 626,663 shares during the period. 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.
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