Oracle (ORCL) Downgraded to “Buy” at Vetr

Oracle (NYSE:ORCL) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday, November 20th. They currently have a $51.82 price objective on the enterprise software provider’s stock. Vetr‘s price objective points to a potential upside of 7.02% from the company’s current price.

Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, November 15th. UBS restated a “neutral” rating and set a $55.00 price target (down previously from $57.00) on shares of Oracle in a research report on Thursday, November 9th. BidaskClub lowered shares of Oracle from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Stifel Nicolaus restated a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. Finally, Canaccord Genuity initiated coverage on shares of Oracle in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Oracle currently has a consensus rating of “Buy” and an average target price of $54.77.

Oracle (ORCL) traded up $0.43 on Monday, reaching $48.42. 12,972,568 shares of the company’s stock traded hands, compared to its average volume of 13,259,954. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. Oracle has a 1 year low of $38.30 and a 1 year high of $53.14. The firm has a market capitalization of $201,996.72, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. analysts forecast that Oracle will post 2.68 earnings per share for the current year.

In related news, EVP Dorian Daley sold 25,776 shares of Oracle 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 in the company, valued at $1,488,444.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,821,999 in the last 90 days. Company insiders own 29.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vista Private Wealth Partners. LLC purchased a new position in Oracle during the third quarter valued at $690,000. AXA lifted its position in Oracle by 44.2% during the third quarter. AXA now owns 2,783,375 shares of the enterprise software provider’s stock valued at $134,577,000 after buying an additional 853,718 shares during the period. Burgundy Asset Management Ltd. lifted its position in Oracle by 0.3% during the third quarter. Burgundy Asset Management Ltd. now owns 6,105,017 shares of the enterprise software provider’s stock valued at $295,178,000 after buying an additional 18,146 shares during the period. Chicago Partners Investment Group LLC lifted its position in Oracle by 64.6% during the third quarter. Chicago Partners Investment Group LLC now owns 9,443 shares of the enterprise software provider’s stock valued at $457,000 after buying an additional 3,705 shares during the period. Finally, Institutional & Family Asset Management LLC purchased a new position in Oracle during the third quarter valued at $2,590,000. Institutional investors and hedge funds own 57.70% of the company’s stock.

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Oracle Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

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