Shares of Oracle Corp. (NYSE:ORCL) have been given a consensus rating of “Hold” by the forty-seven brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $43.82.
A number of research analysts have commented on the company. DA Davidson set a $52.00 price target on Oracle Corp. and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Zacks Investment Research raised Oracle Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 16th. Vetr lowered Oracle Corp. from a “buy” rating to a “hold” rating and set a $40.61 price target for the company. in a research report on Thursday, November 10th. Rowe lowered their price target on Oracle Corp. from $109.00 to $9.30 in a research report on Tuesday, November 8th. Finally, reaffirmed an “underperform” rating and set a $42.00 price target on shares of Oracle Corp. in a research report on Tuesday, November 8th.
Oracle Corp. (NYSE:ORCL) traded up 0.087% during midday trading on Monday, reaching $40.305. The company had a trading volume of 6,647,012 shares. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The stock has a market capitalization of $165.47 billion, a price-to-earnings ratio of 19.147 and a beta of 1.19. The company has a 50-day moving average price of $38.83 and a 200-day moving average price of $39.90.
Oracle Corp. (NYSE:ORCL) last released its quarterly 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 business had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Oracle Corp. will post $2.63 earnings per share for the current year.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at $332,564.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the transaction, 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 currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Acquisition Ltd. purchased a new position in shares of Oracle Corp. during the second quarter worth $540,085,000. The Manufacturers Life Insurance Company bought a new position in Oracle Corp. during the third quarter valued at $309,558,000. Caisse DE Depot ET Placement DU Quebec increased its position in Oracle Corp. by 48.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,745,200 shares of the enterprise software provider’s stock valued at $685,381,000 after buying an additional 5,430,200 shares during the period. Tesco Pension Investment Ltd bought a new position in Oracle Corp. during the third quarter valued at $140,937,000. Finally, 1832 Asset Management L.P. increased its position in Oracle Corp. by 698.9% in the third quarter. 1832 Asset Management L.P. now owns 3,851,183 shares of the enterprise software provider’s stock valued at $151,263,000 after buying an additional 3,369,107 shares during the period. Institutional investors and hedge funds own 56.94% of the company’s stock.