Today, DA Davidson Analysts Give Oracle Corp. (ORCL) a $52.00 Price Target

Today, DA Davidson Analysts Give Oracle Corp. (ORCL) a $52.00 Price Target

DA Davidson set a $52.00 price objective on Oracle Corp. (NYSE:ORCL) in a research note released on Tuesday morning. The firm currently has a a buy rating on the enterprise software provider’s stock.

A number of other analysts have also recently issued reports on ORCL. Cowen and Company set a $46.00 target price on Oracle Corp. and gave the stock a buy rating in a research note on Friday, September 16th. Royal Bank Of Canada raised their price target on shares of Oracle Corp. from $42.00 to $43.00 and gave the stock an outperform rating in a research note on Friday, September 30th. BTIG Research reaffirmed a buy rating and set a $44.00 price target on shares of Oracle Corp. in a research note on Friday, June 17th. Vetr cut shares of Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price target for the company. in a research note on Wednesday, September 7th. Finally, Morgan Stanley reaffirmed a hold rating and set a $41.00 price target on shares of Oracle Corp. in a research note on Friday, September 16th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $46.26.

Shares of Oracle Corp. (NYSE:ORCL) opened at 38.41 on Tuesday. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The stock has a 50 day moving average of $39.72 and a 200 day moving average of $40.22. The firm has a market capitalization of $157.69 billion, a price-to-earnings ratio of 18.25 and a beta of 1.23.

Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same period last year, the firm earned $0.53 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Oracle Corp. will post $2.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.56%. Oracle Corp.’s payout ratio is 28.57%.

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

Several large investors have recently modified their holdings of the company. Point View Wealth Management Inc. raised its stake in shares of Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock worth $285,000 after buying an additional 37 shares in the last quarter. Capital Asset Advisory Services LLC raised its stake in shares of Oracle Corp. by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock worth $244,000 after buying an additional 55 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock worth $305,000 after buying an additional 62 shares in the last quarter. Bollard Group LLC raised its stake in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 69 shares in the last quarter. Finally, Lourd Capital LLC raised its stake in shares of Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock worth $321,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Oracle Corp. Company Profile

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