Oracle Co. (NYSE:ORCL) Given Average Rating of "Hold" by Brokerages

Defense World · Aug 7, 2022 13:21

Oracle Co. (NYSE:ORCL – Get Rating) has been given an average recommendation of "Hold" by the twenty-seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $88.25.

Several research firms have commented on ORCL. BMO Capital Markets decreased their price objective on shares of Oracle from $92.00 to $86.00 in a report on Tuesday, June 14th. Exane BNP Paribas upgraded shares of Oracle from a "neutral" rating to an "outperform" rating in a report on Wednesday, June 29th. Jefferies Financial Group upped their price target on shares of Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. UBS Group set a $75.00 price target on shares of Oracle in a research note on Tuesday, June 14th. Finally, Cowen decreased their price target on shares of Oracle from $107.00 to $98.00 and set an "outperform" rating on the stock in a research note on Thursday, June 9th.

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Insider Activity at Oracle

In related news, CEO Safra Catz sold 1,000,000 shares of the firm's stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $76,153,743.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the firm's stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $76,153,743.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Screven sold 419,174 shares of the firm's stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now owns 2,492,613 shares of the company's stock, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. Insiders sold a total of 3,399,174 shares of company stock worth $232,369,224 in the last quarter. 39.10% of the stock is owned by insiders.

Institutional Trading of Oracle

Large investors have recently modified their holdings of the stock. AE Wealth Management LLC grew its position in shares of Oracle by 23.0% during the 1st quarter. AE Wealth Management LLC now owns 119,115 shares of the enterprise software provider's stock worth $9,854,000 after buying an additional 22,272 shares during the period. PM CAPITAL Ltd grew its position in Oracle by 11.2% in the 1st quarter. PM CAPITAL Ltd now owns 217,870 shares of the enterprise software provider's stock valued at $18,024,000 after purchasing an additional 21,950 shares during the period. Autumn Glory Partners LLC acquired a new stake in Oracle in the 4th quarter valued at $3,992,000. New England Research & Management Inc. grew its position in Oracle by 6.3% in the 1st quarter. New England Research & Management Inc. now owns 3,534 shares of the enterprise software provider's stock valued at $292,000 after purchasing an additional 209 shares during the period. Finally, Ziegler Capital Management LLC grew its position in Oracle by 9.5% in the 1st quarter. Ziegler Capital Management LLC now owns 5,137 shares of the enterprise software provider's stock valued at $425,000 after purchasing an additional 446 shares during the period. Institutional investors and hedge funds own 42.33% of the company's stock.

Oracle Stock Down 0.1 %

Shares of ORCL stock opened at $77.35 on Friday. The company's fifty day simple moving average is $71.70 and its 200-day simple moving average is $75.52. Oracle has a 12 month low of $63.76 and a 12 month high of $106.34. The firm has a market cap of $206.13 billion, a PE ratio of 32.23, a P/E/G ratio of 2.19 and a beta of 0.87.

Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.17 by $0.14. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Oracle will post 4.43 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were issued a $0.32 dividend. The ex-dividend date was Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Oracle's dividend payout ratio (DPR) is presently 53.33%.

Oracle Company Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.