UBS AG boosted their price target on shares of Oracle Corp. (NASDAQ:ORCL) from $37.00 to $39.00 in a research note issued on Thursday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 12.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Oracle Corp. from $36.00 to $41.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Oracle Corp. from $35.00 to $40.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Oracle Corp. from $37.00 to $40.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Oracle Corp. currently has an average rating of “Buy” and an average target price of $37.47.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $33.36, for a total value of $83,400.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $166,800. The sale was disclosed in a document filed with the SEC, which is available at this link.
Oracle Corp. (NASDAQ:ORCL) traded up 4.73% on Thursday, hitting $36.235. The stock had a trading volume of 25,526,234 shares. Oracle Corp. has a 1-year low of $29.86 and a 1-year high of $36.43. The stock has a 50-day moving average of $34.49 and a 200-day moving average of $33.09. The company has a market cap of $165.1 billion and a P/E ratio of 14.87. Oracle Corp. also was the target of some unusual options trading on Monday. Stock traders purchased 63,646 put options on the company. This represents an increase of 292% compared to the average volume of 16,234 put options.
Oracle Corp. (NASDAQ:ORCL) last announced its earnings results on Wednesday, December 18th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Oracle Corp. will post $2.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 7th will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.39%.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
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