The Oracle Corp.’s (ORCL) “Neutral” Rating Reiterated at DA Davidson

The Oracle Corp.’s (ORCL) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of Oracle Corp. (NYSE:ORCL) in a research note published on Wednesday morning. The firm currently has a $109.00 target price on the enterprise software provider’s stock.

ORCL has been the topic of a number of other research reports. Zacks Investment Research lowered Oracle Corp. from a buy rating to a hold rating in a research report on Tuesday, August 23rd. Vetr raised Oracle Corp. from a buy rating to a strong-buy rating and set a $46.33 target price on the stock in a research report on Tuesday, September 6th. Cowen and Company assumed coverage on Oracle Corp. in a research report on Thursday, June 23rd. They issued an outperform rating and a $46.00 target price on the stock. Credit Agricole SA reissued a sell rating on shares of Oracle Corp. in a research report on Friday, June 17th. Finally, Jefferies Group reissued a buy rating and issued a $51.00 target price on shares of Oracle Corp. in a research report on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $46.26.

Shares of Oracle Corp. (NYSE:ORCL) opened at 38.29 on Wednesday. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The stock’s 50 day moving average price is $39.63 and its 200 day moving average price is $40.20. The stock has a market cap of $157.20 billion, a price-to-earnings ratio of 18.19 and a beta of 1.23.

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

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

In related news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction dated 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 approximately $990,250. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $41.12, for a total transaction of $154,200.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $340,514.72. The disclosure for this sale can be found here. Company insiders own 29.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Factory Mutual Insurance Co. increased its stake in shares of Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock valued at $87,994,000 after buying an additional 392,000 shares in the last quarter. Arvest Bank Trust Division increased its stake in shares of Oracle Corp. by 2.4% in the first quarter. Arvest Bank Trust Division now owns 381,577 shares of the enterprise software provider’s stock valued at $15,610,000 after buying an additional 9,059 shares in the last quarter. Sanders Morris Harris Inc. purchased a new stake in shares of Oracle Corp. during the first quarter valued at $880,000. Sii Investments Inc. WI increased its stake in shares of Oracle Corp. by 1.4% in the first quarter. Sii Investments Inc. WI now owns 93,847 shares of the enterprise software provider’s stock valued at $3,841,000 after buying an additional 1,340 shares in the last quarter. Finally, Investment Centers of America Inc. increased its stake in shares of Oracle Corp. by 6.8% in the first quarter. Investment Centers of America Inc. now owns 13,241 shares of the enterprise software provider’s stock valued at $540,000 after buying an additional 839 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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