Oracle Co. (NYSE:ORCL) – Stock analysts at Mitsubishi UFJ Financial Group lowered their Q2 2019 earnings estimates for shares of Oracle in a report issued on Wednesday, October 10th. Mitsubishi UFJ Financial Group analyst S. Bersey now anticipates that the enterprise software provider will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.71.
ORCL has been the subject of several other research reports. Societe Generale set a $50.00 target price on Oracle and gave the stock a “neutral” rating in a research note on Tuesday, August 14th. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. UBS Group lowered Oracle from a “buy” rating to a “neutral” rating and cut their target price for the stock from $53.00 to $48.00 in a research note on Wednesday, June 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research note on Tuesday, September 18th. Finally, TheStreet raised Oracle from a “c+” rating to a “b” rating in a research note on Tuesday, June 19th. Sixteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Oracle has an average rating of “Buy” and a consensus target price of $53.92.
Shares of ORCL opened at $47.38 on Thursday. The company has a market capitalization of $213.44 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.72 and a beta of 1.14. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle has a 1 year low of $42.57 and a 1 year high of $53.48.
Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. Oracle’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share.
Several institutional investors have recently made changes to their positions in ORCL. FMR LLC raised its holdings in shares of Oracle by 21.4% during the second quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock valued at $2,100,949,000 after acquiring an additional 8,401,411 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of Oracle during the second quarter valued at approximately $218,896,000. Summit Trail Advisors LLC raised its holdings in shares of Oracle by 3,754.1% during the first quarter. Summit Trail Advisors LLC now owns 2,535,473 shares of the enterprise software provider’s stock valued at $2,535,000 after acquiring an additional 2,469,687 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Oracle by 787.8% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,944,051 shares of the enterprise software provider’s stock valued at $85,654,000 after acquiring an additional 1,725,077 shares in the last quarter. Finally, Putnam Investments LLC raised its holdings in shares of Oracle by 202.1% during the second quarter. Putnam Investments LLC now owns 2,136,058 shares of the enterprise software provider’s stock valued at $94,115,000 after acquiring an additional 1,428,924 shares in the last quarter. Institutional investors own 53.43% of the company’s stock.
In related news, EVP Dorian Daley sold 131,696 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares in the company, valued at $5,582,691.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $48.09, for a total value of $2,164,050.00. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,345,029.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,196 shares of company stock valued at $9,235,790. Insiders own 32.00% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, October 15th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.
Oracle declared that its Board of Directors has approved a share repurchase plan on Monday, September 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to buy up to 5.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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