Oracle (NYSE:ORCL) had its price target increased by Royal Bank of Canada from $52.00 to $53.00 in a report published on Tuesday, September 18th, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the enterprise software provider’s stock.

Several other equities research analysts have also issued reports on ORCL. Zacks Investment Research lowered shares of Oracle from a hold rating to a sell rating in a research note on Tuesday, May 22nd. Credit Suisse Group restated a buy rating and set a $60.00 price target on shares of Oracle in a research note on Thursday, June 7th. UBS Group restated a neutral rating and set a $53.00 price target on shares of Oracle in a research note on Tuesday, June 12th. JPMorgan Chase & Co. lowered shares of Oracle from an overweight rating to a neutral rating and reduced their price objective for the company from $55.00 to $53.00 in a research note on Thursday, June 14th. Finally, Nomura reduced their price objective on shares of Oracle from $64.00 to $60.00 and set a buy rating for the company in a research note on Thursday, June 14th. Sixteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $53.92.

Shares of ORCL stock traded up $0.60 during trading hours on Tuesday, hitting $47.38. 23,123,169 shares of the company were exchanged, compared to its average volume of 17,422,672. 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 52-week low of $42.57 and a 52-week high of $53.48. The firm has a market cap of $213.44 billion, a P/E ratio of 16.80, a PEG ratio of 1.72 and a beta of 1.14.

Oracle (NYSE:ORCL) last issued its quarterly 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. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.26 billion. During the same quarter last year, the business posted $0.62 EPS. Oracle’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts expect that Oracle will post 3.07 EPS for the current year.

Oracle declared that its Board of Directors has approved a stock buyback plan on Monday, September 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, October 15th. Oracle’s payout ratio is 26.95%.

In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,345,029.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total transaction of $179,137.50. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,336,079.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,196 shares of company stock valued at $9,235,790. Insiders own 32.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ORCL. FMR LLC lifted its holdings in shares of Oracle by 21.4% during the 2nd quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock worth $2,100,949,000 after acquiring an additional 8,401,411 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of Oracle during the 2nd quarter worth $218,896,000. Summit Trail Advisors LLC lifted its holdings in shares of Oracle by 3,754.1% during the 1st quarter. Summit Trail Advisors LLC now owns 2,535,473 shares of the enterprise software provider’s stock worth $2,535,000 after acquiring an additional 2,469,687 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Oracle during the 1st quarter worth $111,727,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Oracle by 787.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,944,051 shares of the enterprise software provider’s stock worth $85,654,000 after acquiring an additional 1,725,077 shares during the last quarter. 53.43% of the stock is owned by institutional investors.

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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