Oppenheimer Reiterates Market Perform Rating for Oracle (NYSE:ORCL)

Oppenheimer reissued their market perform rating on shares of Oracle (NYSE:ORCL) in a research report sent to investors on Tuesday morning, Benzinga reports.

A number of other equities analysts have also weighed in on the stock. UBS Group boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock a buy rating in a research report on Tuesday. Citigroup reduced their target price on shares of Oracle from $133.00 to $128.00 and set a neutral rating on the stock in a research note on Monday, June 10th. Sanford C. Bernstein lifted their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an overweight rating in a research note on Tuesday. Finally, TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a buy rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $159.68.

Oracle Stock Up 0.4 %

Shares of NYSE ORCL opened at $162.00 on Tuesday. The firm has a market cap of $446.45 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 2.89 and a beta of 1.01. Oracle has a 52-week low of $99.26 and a 52-week high of $173.93. The company’s 50-day simple moving average is $139.85 and its 200-day simple moving average is $129.90. 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 posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. Equities analysts predict that Oracle will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ORCL. Norges Bank acquired a new position in shares of Oracle in the 4th quarter valued at $1,210,181,000. Janus Henderson Group PLC boosted its holdings in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Capital World Investors boosted its holdings in shares of Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after buying an additional 3,323,334 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Finally, Parnassus Investments LLC boosted its holdings in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after buying an additional 2,191,342 shares in the last quarter. Institutional investors and hedge funds 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.