Oracle Co. (NYSE:ORCL) Receives Average Rating of “Moderate Buy” from Brokerages

Oracle Co. (NYSE:ORCL) has earned a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $166.13.

A number of equities research analysts recently issued reports on the stock. JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a research report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th.

Oracle Stock Up 1.1 %

Shares of ORCL opened at $168.11 on Friday. Oracle has a 12 month low of $99.26 and a 12 month high of $173.99. The stock has a market cap of $465.83 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 3.05 and a beta of 1.01. The company has a 50-day moving average price of $143.76 and a two-hundred day moving average price of $133.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts predict that Oracle will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,573,181 shares of company stock worth $225,338,245. 42.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth $27,000. Westend Capital Management LLC bought a new stake in shares of Oracle in the first quarter valued at about $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth about $35,000. Finally, Tidemark LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $29,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

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.