Oracle’s (ORCL) “Neutral” Rating Reiterated at Wedbush

Oracle (NYSE:ORCL)‘s stock had its “neutral” rating restated by analysts at Wedbush in a report issued on Tuesday. They presently have a $49.00 target price on the enterprise software provider’s stock. Wedbush’s price target suggests a potential downside of 0.37% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on ORCL. Stifel Nicolaus restated a “hold” rating and issued a $49.00 price objective on shares of Oracle in a research note on Tuesday. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Goldman Sachs Group set a $55.00 price objective on Oracle and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. set a $53.00 price objective on Oracle and gave the company a “neutral” rating in a research note on Tuesday. Finally, ValuEngine upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Fifteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $54.69.

Shares of NYSE:ORCL opened at $49.18 on Tuesday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $203.88 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.66 and a beta of 1.16. Oracle has a fifty-two week low of $42.57 and a fifty-two week high of $53.48.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. analysts expect that Oracle will post 3.05 EPS for the current year.

In other news, EVP Dorian Daley sold 50,000 shares of the company’s stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $45.13, for a total transaction of $2,256,500.00. Following the sale, the executive vice president now directly owns 57,267 shares in the company, valued at $2,584,459.71. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total value of $179,137.50. Following the sale, the director now owns 27,969 shares in the company, valued at $1,336,079.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 546,750 shares of company stock worth $24,546,728. Company insiders own 29.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ORCL. FMR LLC increased its position in shares of Oracle by 21.4% in the second quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock worth $2,100,949,000 after purchasing an additional 8,401,411 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Oracle by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 35,859,954 shares of the enterprise software provider’s stock worth $1,640,593,000 after purchasing an additional 118,005 shares during the last quarter. Magellan Asset Management Ltd increased its position in shares of Oracle by 0.3% in the second quarter. Magellan Asset Management Ltd now owns 27,663,584 shares of the enterprise software provider’s stock worth $1,218,858,000 after purchasing an additional 85,349 shares during the last quarter. Vulcan Value Partners LLC increased its position in shares of Oracle by 3.8% in the second quarter. Vulcan Value Partners LLC now owns 25,019,520 shares of the enterprise software provider’s stock worth $1,102,360,000 after purchasing an additional 922,785 shares during the last quarter. Finally, Polen Capital Management LLC increased its position in shares of Oracle by 3.9% in the first quarter. Polen Capital Management LLC now owns 16,280,492 shares of the enterprise software provider’s stock worth $744,833,000 after purchasing an additional 611,715 shares during the last quarter. Hedge funds and other institutional investors own 53.41% 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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