Today: Oracle Corp. (ORCL) Given a $52.00 Price Target by DA Davidson Analysts

Today: Oracle Corp. (ORCL) Given a $52.00 Price Target by DA Davidson Analysts

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

Several other analysts have also recently commented on ORCL. Cowen and Company set a $46.00 price objective on shares of Oracle Corp. and gave the company a buy rating in a research note on Friday, September 16th. Royal Bank Of Canada lifted their price objective on shares of Oracle Corp. from $42.00 to $43.00 and gave the company an outperform rating in a research note on Friday, September 30th. Vetr cut shares of Oracle Corp. from a strong-buy rating to a buy rating and set a $45.58 price objective for the company. in a research note on Wednesday, September 7th. Morgan Stanley restated a hold rating and set a $41.00 price objective on shares of Oracle Corp. in a research note on Friday, September 16th. Finally, Drexel Hamilton restated a buy rating and set a $51.00 price objective on shares of Oracle Corp. in a research note on Thursday, September 15th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have assigned a buy rating to the company. Oracle Corp. presently has an average rating of Buy and an average price target of $43.79.

Oracle Corp. (NYSE:ORCL) opened at 40.27 on Tuesday. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The company’s 50 day moving average is $38.83 and its 200-day moving average is $39.89. The company has a market cap of $165.33 billion, a price-to-earnings ratio of 19.13 and a beta of 1.19.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. On average, analysts expect that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at approximately $332,564.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Camarda Financial Advisors LLC boosted 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 in the last quarter. Cribstone Capital Management LLC bought a new stake in Oracle Corp. during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC boosted 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 in the last quarter. FCM Investments TX boosted 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 in the last quarter. Finally, Proficio Capital Partners LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 56.94% of the company’s stock.

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