Oracle Corporation (NYSE:ORCL) Downgraded to Buy at BidaskClub

BidaskClub downgraded shares of Oracle Corporation (NYSE:ORCL) from a strong-buy rating to a buy rating in a research note released on Saturday, November 4th.

Several other research firms have also weighed in on ORCL. Wedbush reiterated an outperform rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Friday, September 15th. UBS AG reiterated a buy rating and set a $57.00 price objective (up previously from $52.00) on shares of Oracle Corporation in a research note on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on shares of Oracle Corporation and gave the stock a buy rating in a research note on Friday, September 15th. Zacks Investment Research cut shares of Oracle Corporation from a buy rating to a hold rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC upped their target price on shares of Oracle Corporation from $60.00 to $61.00 and gave the stock a buy rating in a research report on Friday, September 15th. Eleven analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $54.85.

Oracle Corporation (ORCL) opened at $49.02 on Friday. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The company has a market cap of $204,580.00, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. equities analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.

In other news, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock worth $14,821,999. Insiders own 29.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Oracle Corporation by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock worth $509,383,000 after purchasing an additional 450,836 shares in the last quarter. Partnervest Advisory Services LLC raised its position in Oracle Corporation by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Lockheed Martin Investment Management Co. raised its position in Oracle Corporation by 125.6% during the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock worth $8,331,000 after acquiring an additional 92,500 shares in the last quarter. Pinnacle Financial Partners Inc. raised its position in Oracle Corporation by 8.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock worth $5,701,000 after acquiring an additional 9,328 shares in the last quarter. Finally, Boston Partners raised its position in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after acquiring an additional 3,054,765 shares in the last quarter. 58.09% of the stock is currently owned by institutional investors and hedge funds.

About Oracle Corporation

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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