Oracle (NYSE:ORCL) Receives Hold Rating from Macquarie

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Macquarie restated their hold rating on shares of Oracle (NYSE:ORCL) in a research report sent to investors on Thursday, TipRanks reports.

ORCL has been the subject of several other reports. BMO Capital Markets reissued a market perform rating and issued a $60.00 target price (up from $59.00) on shares of Oracle in a report on Thursday. ValuEngine lowered shares of Oracle from a buy rating to a hold rating in a report on Thursday, August 1st. UBS Group set a $57.00 target price on shares of Oracle and gave the stock a neutral rating in a report on Thursday. William Blair reissued a market perform rating on shares of Oracle in a report on Thursday, June 20th. Finally, Argus reissued a buy rating on shares of Oracle in a report on Friday. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company’s stock. Oracle presently has a consensus rating of Hold and an average target price of $55.88.

Oracle stock traded down $0.14 during midday trading on Thursday, hitting $53.75. The stock had a trading volume of 14,399,249 shares, compared to its average volume of 11,008,084. The firm’s fifty day moving average is $54.06 and its two-hundred day moving average is $54.46. The company has a market capitalization of $179.77 billion, a PE ratio of 17.01, a P/E/G ratio of 1.57 and a beta of 1.18. Oracle has a 52-week low of $42.40 and a 52-week high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 45.61%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts predict that Oracle will post 3.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Oracle’s dividend payout ratio is currently 30.38%.

In other news, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,038,755 shares in the company, valued at approximately $53,807,509. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 90,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the transaction, the director now owns 82,310 shares of the company’s stock, valued at $4,899,091.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,140,000 shares of company stock valued at $117,501,425 over the last quarter. Corporate insiders own 32.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Longview Partners Guernsey LTD lifted its position in Oracle by 16.9% in the second quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock worth $1,267,227,000 after buying an additional 3,220,296 shares during the last quarter. Clearbridge Investments LLC lifted its position in Oracle by 1.7% in the first quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock worth $1,115,989,000 after buying an additional 345,982 shares during the last quarter. Fisher Asset Management LLC lifted its position in Oracle by 3.8% in the second quarter. Fisher Asset Management LLC now owns 15,567,402 shares of the enterprise software provider’s stock worth $886,875,000 after buying an additional 562,921 shares during the last quarter. Polen Capital Management LLC lifted its position in Oracle by 3.1% in the second quarter. Polen Capital Management LLC now owns 14,444,171 shares of the enterprise software provider’s stock worth $822,884,000 after buying an additional 430,254 shares during the last quarter. Finally, Boston Partners lifted its position in Oracle by 5.0% in the first quarter. Boston Partners now owns 13,088,162 shares of the enterprise software provider’s stock worth $702,965,000 after buying an additional 626,663 shares during the last quarter. Hedge funds and other institutional investors own 53.05% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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Analyst Recommendations for Oracle (NYSE:ORCL)

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