Oracle Corporation (ORCL) PT Set at $55.00 by J P Morgan Chase & Co

Oracle Corporation (NYSE:ORCL) received a $55.00 price objective from research analysts at J P Morgan Chase & Co in a research report issued on Friday. The firm presently has a “buy” rating on the enterprise software provider’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 12.84% from the stock’s previous close.

Several other analysts have also weighed in on the company. Bank of America Corporation reduced their price objective on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, June 30th. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Friday, June 23rd. KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, OTR Global raised Oracle Corporation to a “positive” rating in a research note on Thursday, June 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus target price of $52.44.

Oracle Corporation (NYSE:ORCL) opened at 48.74 on Friday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The firm has a market cap of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05. The company’s 50-day moving average is $49.96 and its 200 day moving average is $46.98.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. Equities research analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Boskin sold 150,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $50.69, for a total value of $7,603,500.00. Following the transaction, the director now directly owns 99,454 shares in the company, valued at approximately $5,041,323.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock worth $91,582,600 in the last ninety days. Insiders own 29.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners lifted its position in shares of Oracle Corporation by 20.1% during the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the last quarter. LGT Capital Partners LTD. lifted its position in shares of Oracle Corporation by 14.0% during the 2nd quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after buying an additional 76,653 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Oracle Corporation during the 1st quarter valued at $1,522,000. Lockheed Martin Investment Management Co. lifted its position in shares of Oracle Corporation by 21.4% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after buying an additional 13,000 shares during the last quarter. Finally, BerganKDV Wealth Management LLC lifted its position in shares of Oracle Corporation by 2.3% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock valued at $581,000 after buying an additional 255 shares during the last quarter. 58.67% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Analyst Recommendations for Oracle Corporation (NYSE:ORCL)

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