The Vetr Inc. Upgrades Oracle Co. (ORCL) to Buy

Cornelia Mascio
Marzo 28, 2017

Oracle Corporation (NYSE:ORCL) stock is now pricing at roughly $44.65.

The target price for Oracle Corporation (ORCL) is $48.21/share according to the consensus of analysts working on the stock, with an expected EPS of $0.78/share for the current quarter. WFG Advisors LP now owns 4,665 shares of the enterprise software provider's stock worth $162,000 after buying an additional 1,437 shares during the last quarter. We also noted a 2017-03-22 transaction in which ORCL EVP, Gen'l Counsel, Secretary Daley Dorian sold 100,000 shares at a stock price of $44.84, carrying a total value of $4484000, after which, this insider's investment stands at 30,977 shares, with an overall financial value of $1383123. Wunderlich reaffirmed a hold rating and set a $46.00 price objective (up previously from $43.00) on shares of Oracle in a research note on Monday. BTIG Research reissued a "buy" rating and issued a $47.00 price target on shares of Oracle in a report on Thursday, March 16th. Pacific Crest reiterated an "equal weight" rating on shares of Oracle in a research note on Monday, March 20th. Finally, Barclays PLC increased their target price on Oracle from $47.00 to $51.00 and gave the stock an overweight rating in a report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $45.81. (NYSE:ORCL) traded up 0.22% during midday trading on Monday, reaching $44.75.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. The company has a market cap of $183,721 M and the number of outstanding shares has been calculated to be 4,11,46,84,000 shares. The firm has a 50 day moving average price of $42.46 and a 200-day moving average price of $40.11.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, March 15th. The company earned $9.27 billion during the quarter, compared to the consensus estimate of $9.25 billion.

Now the P/E of Oracle Corporation stands at 21.11. The firm's revenue was up 2.9% compared to the same quarter previous year. During the same period in the previous year, the company earned $0.64 earnings per share. On average, analysts predict that Oracle will post $2.63 EPS for the current fiscal year. Shareholders of record on Wednesday, April 12th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, April 10th. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.57 to $0.63. Oracle's dividend payout ratio (DPR) is presently 28.99%.

On Thursday, March 23rd, Safra Catz sold 819,829 shares of Oracle stock. Following the transaction, the chief executive officer now directly owns 1,281,689 shares in the company, valued at $57,701,638.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Mr. Mark V. Hurd is now ranked as the number three insider in terms of representation on the cap table for the stock, holding 203,891 shares, valued at around $9103733.15 as of recent close. The shares were sold at an average price of $44.99, for a total value of $134,970,000.00. The Company has retained a nationally recognized executive search firm to assist the Board of Directors in identifying and retaining a new chief financial officer. Company has 6.10% insider ownership.

Several brokerages have recently issued reports on ORCL. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider's stock valued at $128,000 after buying an additional 1,283 shares during the last quarter. Washington Trust Bank boosted its stake in shares of Oracle by 3.6% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider's stock valued at $124,000 after buying an additional 135 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider's stock valued at $110,000 after buying an additional 107,202 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of Oracle by 2.9% in the third quarter. Norges Bank acquired a new stake in Oracle during the fourth quarter worth $1,090,559,000. The Companys offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services.

To view Vetr's full report, visit Vetr's official website.

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