Oracle (NYSE:ORCL) Upgraded at ValuEngine

Oracle (NYSE:ORCL) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

A number of other research analysts have also commented on the company. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research report on Tuesday, September 10th. JPMorgan Chase & Co. set a $56.00 price objective on Oracle and gave the company a “neutral” rating in a research report on Thursday, September 12th. Credit Suisse Group set a $62.00 price objective on Oracle and gave the company a “buy” rating in a research report on Tuesday, September 24th. Needham & Company LLC reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, October 30th. Finally, Argus reiterated a “buy” rating on shares of Oracle in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $56.76.

ORCL traded up $0.33 during mid-day trading on Friday, reaching $56.42. The stock had a trading volume of 6,044,948 shares, compared to its average volume of 13,319,439. The stock has a market capitalization of $185.76 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.67 and a beta of 1.16. The company has a debt-to-equity ratio of 2.67, a quick ratio of 2.25 and a current ratio of 2.25. The firm’s fifty day simple moving average is $55.14 and its two-hundred day simple moving average is $54.86. Oracle has a 52 week low of $42.40 and a 52 week high of $60.50.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The firm had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. As a group, analysts expect that Oracle will post 3.47 EPS for the current fiscal year.

Oracle announced that its Board of Directors has approved a stock buyback program on Wednesday, September 11th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to buy up to 8.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In related news, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the sale, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at approximately $53,807,509. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Renee Jo James sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $53.56, for a total value of $160,680.00. Following the sale, the director now directly owns 32,886 shares in the company, valued at approximately $1,761,374.16. The disclosure for this sale can be found here. Insiders have sold a total of 863,979 shares of company stock worth $45,015,549 in the last ninety days. 36.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Neville Rodie & Shaw Inc. grew its holdings in shares of Oracle by 1.2% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 176,654 shares of the enterprise software provider’s stock valued at $10,064,000 after acquiring an additional 2,169 shares in the last quarter. Thomasville National Bank grew its holdings in Oracle by 1.5% during the second quarter. Thomasville National Bank now owns 20,351 shares of the enterprise software provider’s stock worth $1,160,000 after purchasing an additional 300 shares during the period. Private Trust Co. NA grew its holdings in Oracle by 2.0% during the second quarter. Private Trust Co. NA now owns 22,626 shares of the enterprise software provider’s stock worth $1,289,000 after purchasing an additional 435 shares during the period. Baystate Wealth Management LLC grew its holdings in Oracle by 56.8% during the second quarter. Baystate Wealth Management LLC now owns 4,987 shares of the enterprise software provider’s stock worth $289,000 after purchasing an additional 1,806 shares during the period. Finally, Rockland Trust Co. grew its holdings in Oracle by 2.6% during the second quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock worth $471,000 after purchasing an additional 209 shares during the period. 53.81% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Oracle (NYSE:ORCL)

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