Wedbush lowered shares of Oracle (NYSE:ORCL) from an outperform rating to a neutral rating in a research report report published on Wednesday, Marketbeat reports. They currently have $49.00 price objective on the enterprise software provider’s stock, down from their previous price objective of $55.00. Wedbush also issued estimates for Oracle’s Q1 2019 earnings at $0.63 EPS.
Other equities analysts have also issued reports about the stock. Morgan Stanley restated a buy rating on shares of Oracle in a research report on Sunday, March 18th. JPMorgan Chase & Co. restated a buy rating and issued a $55.00 price target on shares of Oracle in a research report on Tuesday, March 20th. Zacks Investment Research upgraded shares of Oracle from a hold rating to a buy rating and set a $53.00 target price on the stock in a research report on Friday, March 23rd. Credit Suisse Group reiterated a buy rating and set a $60.00 target price on shares of Oracle in a research report on Thursday, June 7th. Finally, Nomura reduced their target price on shares of Oracle from $64.00 to $60.00 and set a buy rating on the stock in a research report on Thursday, June 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $55.99.
Oracle opened at $44.10 on Wednesday, MarketBeat.com reports. The stock has a market capitalization of $178.42 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.46 and a beta of 1.15. Oracle has a 12 month low of $42.57 and a 12 month high of $53.48. The company has a current ratio of 3.96, a quick ratio of 4.30 and a debt-to-equity ratio of 1.21.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. The firm had revenue of $11.26 billion for the quarter, compared to analyst estimates of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. research analysts predict that Oracle will post 3.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th 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 1.72%. The ex-dividend date is Monday, July 16th. Oracle’s dividend payout ratio (DPR) is 26.95%.
In other Oracle news, EVP Dorian Daley sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $45.95, for a total value of $5,743,750.00. Following the completion of the sale, the executive vice president now owns 161,954 shares of the company’s stock, valued at $7,441,786.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Kurian sold 979,402 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $45.40, for a total transaction of $44,464,850.80. Following the completion of the sale, the insider now directly owns 114,871 shares of the company’s stock, valued at approximately $5,215,143.40. The disclosure for this sale can be found here. Insiders sold 2,557,015 shares of company stock valued at $117,457,740 in the last ninety days. Insiders own 29.00% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Two Sigma Advisers LP increased its position in shares of Oracle by 738.5% during the fourth quarter. Two Sigma Advisers LP now owns 588,484 shares of the enterprise software provider’s stock worth $27,824,000 after acquiring an additional 518,300 shares in the last quarter. Anchor Capital Advisors LLC bought a new stake in shares of Oracle during the first quarter worth $1,464,000. KLCM Advisors Inc. increased its position in shares of Oracle by 2.2% during the fourth quarter. KLCM Advisors Inc. now owns 339,272 shares of the enterprise software provider’s stock worth $16,041,000 after acquiring an additional 7,229 shares in the last quarter. Allegis Investment Advisors LLC increased its position in shares of Oracle by 16.5% during the fourth quarter. Allegis Investment Advisors LLC now owns 51,031 shares of the enterprise software provider’s stock worth $2,413,000 after acquiring an additional 7,231 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its position in shares of Oracle by 38.6% during the fourth quarter. Wasatch Advisors Inc. now owns 220,792 shares of the enterprise software provider’s stock worth $10,439,000 after acquiring an additional 61,530 shares in the last quarter. 56.24% of the stock is owned by hedge funds and other institutional investors.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.