Oracle (NYSE:ORCL) Earns Buy Rating from Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their buy rating on shares of Oracle (NYSE:ORCL) in a research report sent to investors on Monday morning, Borsen Zeitung reports. Sanford C. Bernstein currently has a $70.00 price objective on the enterprise software provider’s stock.

Several other equities analysts also recently commented on ORCL. Credit Suisse Group upped their price objective on Oracle from $62.00 to $66.00 and gave the company an outperform rating in a research report on Friday, September 11th. JPMorgan Chase & Co. reiterated a buy rating and issued a $61.00 target price on shares of Oracle in a report on Friday, September 11th. BNP Paribas cut Oracle from an outperform rating to a neutral rating and set a $56.00 target price for the company. in a report on Monday, June 1st. Wells Fargo & Company upped their target price on Oracle from $62.50 to $68.75 and gave the stock an overweight rating in a report on Friday, September 11th. Finally, UBS Group restated a neutral rating and set a $57.00 price objective on shares of Oracle in a research note on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $59.34.

ORCL stock opened at $60.43 on Monday. Oracle has a twelve month low of $39.71 and a twelve month high of $61.86. The company has a quick ratio of 3.03, a current ratio of 2.66 and a debt-to-equity ratio of 6.68. The stock has a market cap of $185.44 billion, a P/E ratio of 18.94, a PEG ratio of 1.44 and a beta of 0.83. The business’s 50-day moving average price is $56.04 and its 200-day moving average price is $53.28.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 10th. The enterprise software provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. Oracle had a return on equity of 85.71% and a net margin of 26.13%. During the same quarter in the previous year, the company posted $0.81 EPS. On average, equities research analysts expect that Oracle will post 3.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 8th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, October 7th. Oracle’s dividend payout ratio is presently 27.75%.

In related news, CAO W Corey West sold 7,021 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $61.02, for a total transaction of $428,421.42. Following the sale, the chief accounting officer now directly owns 292,474 shares of the company’s stock, valued at $17,846,763.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $54.08, for a total value of $21,632,000.00. Following the sale, the insider now directly owns 400,000 shares in the company, valued at $21,632,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,429,673 shares of company stock worth $352,552,167. 36.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of ORCL. Modus Advisors LLC acquired a new stake in Oracle during the second quarter worth $25,000. Balentine LLC acquired a new stake in Oracle during the first quarter worth $31,000. Okabena Investment Services Inc. acquired a new stake in Oracle during the second quarter worth $34,000. Rockbridge Investment Management LCC acquired a new stake in Oracle during the second quarter worth $44,000. Finally, Solstein Capital LLC increased its stake in Oracle by 57.4% during the first quarter. Solstein Capital LLC now owns 987 shares of the enterprise software provider’s stock worth $48,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 48.24% 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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