Oracle (NYSE:ORCL) Given “Buy” Rating at Guggenheim

by · The Cerbat Gem

Guggenheim restated their buy rating on shares of Oracle (NYSE:ORCL – Free Report) in a report published on Thursday morning,Benzinga reports. They currently have a $220.00 target price on the enterprise software provider’s stock.

Other analysts have also issued research reports about the company. DA Davidson cut their price target on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Jefferies Financial Group cut their price target on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a report on Monday, March 31st. Wall Street Zen lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.42.

Check Out Our Latest Research Report on Oracle

Oracle Stock Up 1.8%

ORCL stock opened at $171.16 on Thursday. Oracle has a 1-year low of $118.86 and a 1-year high of $198.31. The business has a fifty day moving average price of $146.56 and a 200-day moving average price of $160.77. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $478.73 billion, a P/E ratio of 41.85, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 46.95%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

About Oracle

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

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