Shares of Oracle Co. (NYSE:ORCL) have received a consensus rating of “Buy” from the thirty-four analysts that are presently covering the firm, MarketBeat reports. Fifteen research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $55.86.
A number of equities analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and set a $53.00 target price on shares of Oracle in a research report on Tuesday, June 12th. Credit Suisse Group cut their target price on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, March 20th. Bank of America lowered shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 20th. Morgan Stanley restated a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Finally, ValuEngine lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st.
In other Oracle news, EVP Dorian Daley sold 50,000 shares of Oracle stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $45.13, for a total transaction of $2,256,500.00. Following the transaction, the executive vice president now directly owns 57,267 shares of the company’s stock, valued at $2,584,459.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Berg sold 75,000 shares of Oracle stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $45.94, for a total transaction of $3,445,500.00. The disclosure for this sale can be found here. Insiders have sold 2,930,015 shares of company stock worth $133,917,530 over the last three months. Insiders own 29.00% of the company’s stock.
Oracle traded up $0.59, reaching $46.00, on Friday, MarketBeat reports. 20,732,200 shares of the company’s stock were exchanged, compared to its average volume of 16,798,570. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $185.12 billion, a PE ratio of 16.31, a P/E/G ratio of 1.48 and a beta of 1.12. Oracle has a 52 week low of $42.57 and a 52 week high of $53.48.
Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $11.26 billion during the quarter, compared to analyst estimates of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. analysts anticipate that Oracle will post 3.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, July 16th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.
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.
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