2 weeks Ago By ABMN Staff
Oracle ( NYSE:ORCL – Free Report ) had its price objective cut by Citigroup from $194.00 to $160.00 in a research report sent to investors on Wednesday morning, Benzinga reports.
They currently have a neutral rating on the enterprise software provider’s stock. Several other analysts also recently issued reports on ORCL. Piper Sandler lowered their price target on Oracle from $210.
00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co.
lowered their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday.
StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their target price on Oracle from $175.
00 to $170.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price target on Oracle from $190.
00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Twelve analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock.
According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.
Read Our Latest Report on ORCL Oracle Stock Up 1.2 % Oracle ( NYSE:ORCL – Get Free Report ) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.
47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02).
Oracle had a net margin of 21.16% and a return on equity of 133.25%.
The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion.
During the same period in the previous year, the company posted $1.41 EPS. Oracle’s quarterly revenue was up 6.
4% compared to the same quarter last year. As a group, research analysts anticipate that Oracle will post 5 EPS for the current year. Oracle Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd.
Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th.
This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.
00 annualized dividend and a yield of 1.34%. Oracle’s payout ratio is presently 39.
12%. Insider Buying and Selling at Oracle In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.
56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.
52. The trade was a 23.58 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . 42.20% of the stock is currently owned by company insiders.
Institutional Trading of Oracle Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter valued at $25,000. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $30,000.
Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter.
Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter valued at $33,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $34,000. Institutional investors own 42.
44% of the company’s stock. About Oracle ( 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.
Featured 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 ..
