2 weeks Ago By ABMN Staff
Oracle Co. ( NYSE:ORCL – Get Free Report ) has been given a consensus recommendation of “Moderate Buy” by the thirty research firms that are presently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company.
The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $168.52. Several analysts have recently weighed in on the stock.
Morgan Stanley raised their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th.
Sanford C. Bernstein lifted their price objective on Oracle from $201.00 to $202.
00 and gave the company an “outperform” rating in a research report on Monday, September 30th. DA Davidson boosted their price objective on Oracle from $105.00 to $140.
00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Bank of America raised their target price on Oracle from $155.00 to $175.
00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus upped their price target on shares of Oracle from $135.00 to $155.
00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Read Our Latest Stock Analysis on ORCL Oracle Trading Down 0.1 % Oracle ( NYSE:ORCL – Get Free Report ) last issued its earnings results on Monday, September 9th.
The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.
06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.
23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.
38%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.
During the same quarter in the previous year, the company earned $0.95 EPS. Equities analysts anticipate that Oracle will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share.
This represents a $1.60 dividend on an annualized basis and a yield of 0.85%.
The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.
Insider Buying and Selling at Oracle In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.
00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.
00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Insiders own 42.
20% of the company’s stock. Hedge Funds Weigh In On Oracle Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its position in shares of Oracle by 148.
8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the period. PineStone Asset Management Inc.
lifted its stake in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc.
now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after acquiring an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Oracle by 97.
4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after acquiring an additional 2,093,893 shares in the last quarter.
International Assets Investment Management LLC boosted its position in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter.
Finally, Altshuler Shaham Ltd grew its stake in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after acquiring an additional 1,526,500 shares in the last quarter.
42.44% of the stock is currently owned by institutional investors and hedge funds. Oracle Company Profile ( Get Free Report Oracle Corporation offers products and services that address enterprise information technology environments worldwide.
Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. Recommended Stories 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 .
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