Oracle Co. (NYSE:ORCL) – Equities researchers at KeyCorp increased their FY2019 earnings per share (EPS) estimates for shares of Oracle in a note issued to investors on Thursday, June 13th. KeyCorp analyst B. Bracelin now forecasts that the enterprise software provider will post earnings of $3.10 per share for the year, up from their previous estimate of $3.09. KeyCorp also issued estimates for Oracle’s Q4 2019 earnings at $0.98 EPS and Q2 2020 earnings at $0.82 EPS.
Other equities research analysts have also issued reports about the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 price target on shares of Oracle in a report on Monday, February 18th. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Wednesday, May 15th. Morgan Stanley lifted their price target on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Standpoint Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, BMO Capital Markets lowered shares of Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price target on the stock. in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.11.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS.
Large investors have recently bought and sold shares of the company. Gantzert Investment Co. LLC ADV acquired a new position in shares of Oracle during the 4th quarter valued at $1,281,000. Sabal Trust CO raised its holdings in Oracle by 21.2% during the fourth quarter. Sabal Trust CO now owns 6,541 shares of the enterprise software provider’s stock worth $295,000 after buying an additional 1,145 shares during the last quarter. Boys Arnold & Co. Inc. raised its holdings in Oracle by 2.8% during the fourth quarter. Boys Arnold & Co. Inc. now owns 46,989 shares of the enterprise software provider’s stock worth $2,106,000 after buying an additional 1,300 shares during the last quarter. Naples Global Advisors LLC raised its holdings in Oracle by 2.4% during the fourth quarter. Naples Global Advisors LLC now owns 36,343 shares of the enterprise software provider’s stock worth $1,738,000 after buying an additional 841 shares during the last quarter. Finally, Essex Savings Bank acquired a new position in Oracle during the fourth quarter worth $113,000. 53.15% of the stock is currently owned by institutional investors.
In other news, insider Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $54.03, for a total value of $21,612,000.00. Following the sale, the insider now directly owns 400,000 shares of the company’s stock, valued at approximately $21,612,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total transaction of $204,450.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,524,869.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,470,000 shares of company stock worth $133,690,075 over the last three months. Insiders own 32.00% of the company’s stock.
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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