Oracle (ORCL) Downgraded to “Hold” at Vetr

Vetr cut shares of Oracle (NYSE:ORCL) from a buy rating to a hold rating in a report released on Thursday. Vetr currently has $51.30 price target on the enterprise software provider’s stock.

Several other brokerages have also commented on ORCL. Instinet assumed coverage on Oracle in a report on Wednesday, January 24th. They issued a buy rating and a $51.12 price objective on the stock. ValuEngine raised Oracle from a hold rating to a buy rating in a report on Friday, February 2nd. Nomura started coverage on Oracle in a report on Tuesday, January 23rd. They issued a buy rating and a $64.00 price objective on the stock. Zacks Investment Research raised Oracle from a sell rating to a hold rating in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada set a $51.00 price target on Oracle and gave the stock a neutral rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $55.38.

Shares of Oracle (NYSE:ORCL) opened at $50.71 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. Oracle has a 1-year low of $41.50 and a 1-year high of $53.14. The company has a market capitalization of $209,919.22, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company earned $0.61 earnings per share. Oracle’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Oracle will post 2.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 32.62%.

Oracle declared that its board has authorized a share buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other Oracle news, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock worth $98,316,475 in the last three months. 29.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Oracle by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the period. BlackRock Inc. raised its holdings in shares of Oracle by 2.5% in the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after buying an additional 4,678,977 shares during the period. Harris Associates L P raised its holdings in shares of Oracle by 17.9% in the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares during the period. Northern Trust Corp raised its holdings in shares of Oracle by 4.6% in the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after buying an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Oracle by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after buying an additional 482,220 shares during the period. Institutional investors own 57.77% 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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