Oracle Co. (ORCL) Given Average Rating of “Hold” by Brokerages

Oracle Co. (NYSE:ORCL) has received a consensus recommendation of “Hold” from the thirty-three ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $52.48.

A number of equities research analysts have recently commented on ORCL shares. Morgan Stanley downgraded Oracle from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $57.00 to $53.00 in a research report on Tuesday, January 15th. Atlantic Securities started coverage on Oracle in a research report on Wednesday, January 9th. They set an “underweight” rating and a $45.00 price objective for the company. Barclays downgraded Oracle from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $60.00 to $55.00 in a research report on Wednesday, January 9th. Zacks Investment Research reiterated a “hold” rating on shares of Oracle in a research report on Monday, December 31st. Finally, Standpoint Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $42.69 target price on the stock in a research note on Wednesday, December 26th.

Oracle stock traded up $0.69 during midday trading on Tuesday, hitting $49.27. The stock had a trading volume of 15,930,568 shares, compared to its average volume of 18,250,556. The firm has a market capitalization of $203.96 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.63 and a beta of 1.04. Oracle has a 52-week low of $42.40 and a 52-week high of $53.48. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The company had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.52 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. On average, analysts predict that Oracle will post 3.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 30th. Stockholders of record on Wednesday, January 16th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 15th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

In related news, EVP Dorian Daley sold 25,000 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $45.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now owns 102,919 shares of the company’s stock, valued at $4,631,355. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $48.20, for a total transaction of $180,750.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,348,105.80. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock worth $1,939,861 over the last ninety days. 32.00% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. R.H. Dinel Investment Counsel Inc. acquired a new stake in shares of Oracle during the fourth quarter worth approximately $2,719,000. City Holding Co. increased its holdings in shares of Oracle by 3.9% in the fourth quarter. City Holding Co. now owns 35,068 shares of the enterprise software provider’s stock valued at $1,583,000 after purchasing an additional 1,325 shares in the last quarter. Heritage Trust Co increased its holdings in shares of Oracle by 78.8% in the fourth quarter. Heritage Trust Co now owns 6,129 shares of the enterprise software provider’s stock valued at $277,000 after purchasing an additional 2,702 shares in the last quarter. Davis R M Inc. increased its holdings in shares of Oracle by 16.4% in the fourth quarter. Davis R M Inc. now owns 17,578 shares of the enterprise software provider’s stock valued at $794,000 after purchasing an additional 2,472 shares in the last quarter. Finally, Nachman Norwood & Parrott Inc acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $408,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

About Oracle

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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