Shares of Oracle Co. (NYSE:ORCL) have received a consensus rating of “Hold” from the thirty-two analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.04.
Several research firms have recently issued reports on ORCL. BMO Capital Markets reissued a “market perform” rating and issued a C$17.00 price target on shares of Wajax in a research note on Thursday, June 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,700 ($22.21) price target on shares of in a research note on Tuesday, June 18th. Wedbush initiated coverage on Chewy in a report on Thursday, June 20th. They issued a “neutral” rating for the company. Macquarie lowered Oracle from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, Barclays restated a “hold” rating and issued a $14.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, June 20th.
ORCL opened at $59.99 on Tuesday. The company has a 50-day simple moving average of $54.94. The stock has a market cap of $200.65 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle has a 12 month low of $42.40 and a 12 month high of $60.50.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The firm had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same period in the prior year, the business earned $0.99 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Oracle will post 3.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, July 16th. Oracle’s dividend payout ratio is 30.38%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $54.50, for a total transaction of $204,375.00. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,524,310.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.01, for a total value of $5,501,000.00. Following the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at $9,787,324.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,970,000 shares of company stock valued at $110,237,950. 32.00% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Investors Research Corp purchased a new stake in Oracle in the 1st quarter worth about $30,000. Covenant Multifamily Offices LLC purchased a new stake in Oracle in the 1st quarter worth about $35,000. Riverview Trust Co purchased a new stake in Oracle in the 4th quarter worth about $35,000. Truehand Inc purchased a new stake in Oracle in the 4th quarter worth about $36,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in Oracle in the 4th quarter worth about $36,000. 54.40% 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 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.
Read More: What is the Rule of 72?
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.