Oracle (ORCL) Given Hold Rating at Stifel Nicolaus
Stifel Nicolaus reaffirmed their hold rating on shares of Oracle (NYSE:ORCL) in a research report released on Tuesday, September 18th. The firm currently has a $49.00 target price on the enterprise software provider’s stock, down from their prior target price of $50.00.
A number of other research analysts have also issued reports on the company. Societe Generale set a $50.00 price target on Oracle and gave the stock a neutral rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded Oracle from a sell rating to a hold rating in a research report on Wednesday, September 12th. UBS Group lowered Oracle from a buy rating to a neutral rating and reduced their price target for the stock from $53.00 to $48.00 in a research report on Wednesday, June 20th. JPMorgan Chase & Co. reiterated a neutral rating and set a $53.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Finally, TheStreet upgraded Oracle from a c+ rating to a b rating in a report on Tuesday, June 19th. Sixteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Oracle presently has an average rating of Buy and a consensus price target of $53.92.
ORCL traded up $0.60 during trading on Tuesday, reaching $47.38. 23,123,169 shares of the company were exchanged, compared to its average volume of 17,422,672. The company 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. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. Oracle has a 52 week low of $42.57 and a 52 week high of $53.48.
Oracle announced that its Board of Directors has approved a stock repurchase plan on Monday, September 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Monday, October 15th. Oracle’s dividend payout ratio is 26.95%.
In other news, Director Naomi O. Seligman sold 45,000 shares of the company’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,345,029.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total value of $179,137.50. Following the sale, 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 ninety days, insiders have sold 184,196 shares of company stock valued at $9,235,790. 32.00% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Rainier Group Investment Advisory LLC acquired a new position in Oracle during the first quarter valued at $106,000. ELM Advisors LLC acquired a new position in Oracle during the third quarter valued at $122,000. Kiley Juergens Wealth Management LLC raised its position in Oracle by 70.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 1,140 shares during the period. Financial Gravity Wealth Inc. acquired a new position in Oracle in the 1st quarter worth about $130,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Oracle in the 2nd quarter worth about $126,000. 53.43% of the stock is currently owned by hedge funds and other institutional investors.
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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