Shares of Oracle Co. (NYSE:ORCL) have been given a consensus recommendation of “Hold” by the twenty-nine analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $55.16.

ORCL has been the subject of a number of research reports. BNP Paribas cut Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research note on Monday, June 1st. Wells Fargo & Co raised their price objective on Oracle from $55.00 to $62.50 and gave the company an “overweight” rating in a research note on Tuesday, June 16th. ValuEngine raised Oracle from a “sell” rating to a “hold” rating in a research note on Wednesday, June 24th. UBS Group reissued a “neutral” rating and issued a $52.00 price objective on shares of Oracle in a research note on Wednesday, June 17th. Finally, Exane BNP Paribas cut Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Monday, June 1st.

NYSE ORCL traded up $0.51 during trading hours on Tuesday, hitting $55.27. 18,878,332 shares of the company’s stock were exchanged, compared to its average volume of 13,649,860. The stock has a 50-day simple moving average of $53.38 and a 200 day simple moving average of $52.54. Oracle has a 1-year low of $39.71 and a 1-year high of $60.50. The firm has a market cap of $168.04 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.37 and a beta of 0.89. The company has a current ratio of 3.03, a quick ratio of 2.12 and a debt-to-equity ratio of 5.44.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 16th. The enterprise software provider reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.12. Oracle had a return on equity of 72.76% and a net margin of 25.94%. The firm had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.72 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle will post 3.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.74%. Oracle’s dividend payout ratio (DPR) is currently 27.75%.

Oracle announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to purchase up to 9.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other Oracle news, insider Edward Screven sold 700,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $54.14, for a total value of $37,898,000.00. Following the sale, the insider now directly owns 3,001,419 shares in the company, valued at $162,496,824.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $51.73, for a total value of $51,730,000.00. Following the completion of the sale, the chief executive officer now owns 2,368,592 shares in the company, valued at $122,527,264.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,900,000 shares of company stock worth $264,854,000. Corporate insiders own 36.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its position in shares of Oracle by 3.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 39,048,373 shares of the enterprise software provider’s stock valued at $2,068,783,000 after purchasing an additional 1,378,211 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Oracle by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 34,159,820 shares of the enterprise software provider’s stock valued at $1,650,944,000 after purchasing an additional 237,469 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Oracle by 3.7% in the first quarter. Franklin Resources Inc. now owns 24,849,265 shares of the enterprise software provider’s stock valued at $1,200,989,000 after purchasing an additional 886,375 shares in the last quarter. Longview Partners Guernsey LTD grew its position in shares of Oracle by 1.5% in the fourth quarter. Longview Partners Guernsey LTD now owns 22,608,727 shares of the enterprise software provider’s stock valued at $1,197,810,000 after purchasing an additional 326,268 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Oracle by 7.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 21,344,720 shares of the enterprise software provider’s stock valued at $1,031,591,000 after purchasing an additional 1,466,231 shares in the last quarter. Institutional investors own 48.14% 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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Analyst Recommendations for Oracle (NYSE:ORCL)

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