Oracle Corporation (NYSE:ORCL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Oracle Corporation (NYSE:ORCL - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $196.74.

Several analysts recently weighed in on ORCL shares. Westpark Capital upped their price objective on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. BMO Capital Markets upgraded Oracle from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Evercore ISI restated a "buy" rating on shares of Oracle in a research report on Wednesday.

Oracle Stock Performance

Shares of NYSE ORCL opened at $205.06 on Friday. The stock's fifty day moving average price is $160.39 and its two-hundred day moving average price is $161.33. The firm has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 3.08 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. On average, equities analysts forecast that Oracle will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. Oracle's dividend payout ratio is presently 46.08%.

Insider Activity

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ORCL. Voya Investment Management LLC lifted its holdings in Oracle by 91.5% during the first quarter. Voya Investment Management LLC now owns 3,373,131 shares of the enterprise software provider's stock worth $471,491,000 after acquiring an additional 1,612,113 shares during the period. Optima Capital LLC raised its stake in shares of Oracle by 17.8% in the first quarter. Optima Capital LLC now owns 5,072 shares of the enterprise software provider's stock valued at $709,000 after buying an additional 767 shares during the period. 1248 Management LLC raised its stake in shares of Oracle by 501.9% in the first quarter. 1248 Management LLC now owns 30,198 shares of the enterprise software provider's stock valued at $4,222,000 after buying an additional 25,181 shares during the period. Cim LLC raised its stake in shares of Oracle by 4.8% in the first quarter. Cim LLC now owns 2,204 shares of the enterprise software provider's stock valued at $308,000 after buying an additional 100 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Oracle by 19.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 720 shares of the enterprise software provider's stock valued at $101,000 after buying an additional 119 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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