Oracle (ORCL) Upgraded by ValuEngine to Hold

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ValuEngine upgraded shares of Oracle (NYSE:ORCL) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Several other brokerages have also recently commented on ORCL. Barclays boosted their price objective on shares of Oracle from $56.00 to $60.00 and gave the company an overweight rating in a research note on Monday, March 12th. They noted that the move was a valuation call. OTR Global cut shares of Oracle to a positive rating in a research note on Friday, March 9th. Morgan Stanley reaffirmed a buy rating on shares of Oracle in a research note on Sunday, March 18th. Cleveland Research reaffirmed a hold rating on shares of Oracle in a research note on Saturday, March 17th. Finally, Bank of America lowered shares of Oracle from a buy rating to a neutral rating in a research report on Tuesday, March 20th. Fifteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $55.87.

Shares of Oracle opened at $44.95 on Monday, Marketbeat Ratings reports. The company has a market cap of $182.39 billion, a P/E ratio of 15.94, a PEG ratio of 1.45 and a beta of 1.12. Oracle has a 12 month low of $42.57 and a 12 month high of $53.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 3.96.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The company had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. Oracle’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. equities research analysts anticipate that Oracle will post 3.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, July 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.69%. Oracle’s dividend payout ratio is currently 26.95%.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $46.08, for a total value of $172,800.00. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $835,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $44.62, for a total transaction of $17,848,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares in the company, valued at $17,848,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,880,015 shares of company stock worth $131,661,030. Insiders own 29.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ORCL. Farmers & Merchants Investments Inc. grew its position in Oracle by 7.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 188,458 shares of the enterprise software provider’s stock valued at $8,910,000 after purchasing an additional 13,726 shares during the last quarter. Advisor Partners LLC lifted its stake in Oracle by 8.3% during the 4th quarter. Advisor Partners LLC now owns 66,515 shares of the enterprise software provider’s stock valued at $3,364,000 after acquiring an additional 5,077 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in Oracle by 1.2% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 252,900 shares of the enterprise software provider’s stock valued at $11,957,000 after acquiring an additional 2,955 shares during the period. Welch & Forbes LLC lifted its stake in Oracle by 4.7% during the 4th quarter. Welch & Forbes LLC now owns 165,923 shares of the enterprise software provider’s stock valued at $7,844,000 after acquiring an additional 7,468 shares during the period. Finally, Cambridge Advisors Inc. lifted its stake in Oracle by 183.0% during the 4th quarter. Cambridge Advisors Inc. now owns 29,348 shares of the enterprise software provider’s stock valued at $1,388,000 after acquiring an additional 18,978 shares during the period. 56.25% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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

Analyst Recommendations for Oracle (NYSE:ORCL)

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