Todays Report: The Oracle Corp. (ORCL) PT Set at $46.00 by Cowen and Company

The Oracle Corp. (ORCL) PT Set at $46.00 by Cowen and Company

Cowen and Company set a $46.00 price target on Oracle Corp. (NYSE:ORCL) in a report published on Tuesday. The firm currently has a a buy rating on the enterprise software provider’s stock.

ORCL has been the subject of a number of other reports. Zacks Investment Research lowered shares of Oracle Corp. from a buy rating to a hold rating in a research note on Tuesday, August 23rd. Vetr raised shares of Oracle Corp. from a buy rating to a strong-buy rating and set a $46.33 target price for the company in a research note on Tuesday, September 6th. DA Davidson reissued a buy rating and set a $52.00 target price on shares of Oracle Corp. in a research note on Saturday, September 17th. Jefferies Group reissued a buy rating and set a $51.00 target price on shares of Oracle Corp. in a research note on Tuesday, September 13th. Finally, MKM Partners reissued a neutral rating and set a $42.00 target price on shares of Oracle Corp. in a research note on Monday, August 1st. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $46.26.

Oracle Corp. (NYSE:ORCL) opened at 38.17 on Tuesday. The firm has a 50 day moving average of $38.94 and a 200-day moving average of $40.05. The firm has a market cap of $156.71 billion, a price-to-earnings ratio of 18.13 and a beta of 1.23. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.

Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Equities research analysts forecast that Oracle Corp. will post $2.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, October 7th. Oracle Corp.’s payout ratio is currently 28.57%.

In other news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the sale, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Camarda Financial Advisors LLC increased its stake in Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 215 shares during the period. Cribstone Capital Management LLC acquired a new stake in Oracle Corp. during the second quarter worth about $102,000. WESPAC Advisors SoCal LLC increased its stake in Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock worth $119,000 after buying an additional 500 shares during the period. FCM Investments TX increased its stake in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares during the period. Institutional investors own 58.29% of the company’s stock.

Oracle Corp. Company Profile

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