Oracle (ORCL) PT Raised to $53.00 at Royal Bank Of Canada

Oracle (NYSE:ORCL) had its target price upped by research analysts at Royal Bank Of Canada to $53.00 in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the enterprise software provider’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 10.44% from the company’s previous close.

A number of other research firms also recently issued reports on ORCL. Vetr downgraded Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price objective on the stock. in a research note on Tuesday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Monday, September 11th. Canaccord Genuity started coverage on Oracle in a research note on Friday, October 6th. They issued a “buy” rating and a $57.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on Oracle in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.77.

Shares of Oracle (NYSE:ORCL) opened at $47.99 on Wednesday. The stock has a market capitalization of $201,996.72, a P/E ratio of 18.98, a P/E/G ratio of 1.84 and a beta of 1.05. Oracle has a 12 month low of $38.30 and a 12 month high of $53.14. 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 (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts forecast that Oracle will post 2.68 earnings per share for the current fiscal year.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Vista Private Wealth Partners. LLC purchased a new stake in shares of Oracle in the 3rd quarter worth $690,000. AXA lifted its holdings in shares of Oracle by 44.2% in the 3rd quarter. AXA now owns 2,783,375 shares of the enterprise software provider’s stock worth $134,577,000 after buying an additional 853,718 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Oracle by 0.3% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 6,105,017 shares of the enterprise software provider’s stock worth $295,178,000 after buying an additional 18,146 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Oracle by 64.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,443 shares of the enterprise software provider’s stock worth $457,000 after buying an additional 3,705 shares during the period. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Oracle in the 3rd quarter worth $2,590,000. Institutional investors 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.

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