Societe Generale Raises Oracle (NYSE:ORCL) Price Target to $88.00

Oracle (NYSE:ORCL) had its price target hoisted by Societe Generale from $83.00 to $88.00 in a report released on Tuesday, The Fly reports. Societe Generale currently has a hold rating on the enterprise software provider’s stock.

Several other research analysts also recently commented on ORCL. Cowen reissued a buy rating and issued a $93.00 price target on shares of Oracle in a report on Friday, September 10th. BMO Capital Markets raised their price objective on shares of Oracle from $79.00 to $88.00 and gave the company a market perform rating in a research report on Wednesday, June 16th. DZ Bank cut shares of Oracle from a hold rating to a sell rating and set a $82.00 price objective on the stock. in a research report on Tuesday, August 10th. KeyCorp raised their price objective on shares of Oracle from $90.00 to $100.00 and gave the company an overweight rating in a research report on Thursday, July 22nd. Finally, Morgan Stanley raised their price objective on shares of Oracle from $73.00 to $77.00 and gave the company an equal weight rating in a research report on Wednesday, June 16th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of Hold and a consensus price target of $80.38.

ORCL opened at $87.25 on Tuesday. The company has a 50 day moving average of $88.79 and a 200 day moving average of $80.49. The company has a market cap of $238.91 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.53 and a beta of 0.80. Oracle has a 12 month low of $55.14 and a 12 month high of $91.78. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 12.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Sunday, September 12th. The enterprise software provider reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.06. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the firm earned $0.82 EPS. Oracle’s revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that Oracle will post 4.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 26th. Stockholders of record on Tuesday, October 12th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, October 8th. Oracle’s payout ratio is 30.77%.

In related news, Director Michael J. Boskin sold 37,500 shares of the business’s stock in a transaction dated Friday, July 2nd. The shares were sold at an average price of $80.04, for a total transaction of $3,001,500.00. Following the sale, the director now owns 115,662 shares of the company’s stock, valued at $9,257,586.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 150,000 shares of the business’s stock in a transaction dated Tuesday, June 29th. The stock was sold at an average price of $78.21, for a total transaction of $11,731,500.00. Following the sale, the executive vice president now directly owns 150,000 shares in the company, valued at approximately $11,731,500. The disclosure for this sale can be found here. Insiders have sold a total of 222,500 shares of company stock worth $17,808,800 in the last ninety days. Insiders own 39.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Baldrige Asset Management LLC bought a new position in shares of Oracle in the second quarter worth approximately $28,000. Financial Insights Inc. purchased a new stake in Oracle during the second quarter valued at approximately $28,000. Samalin Investment Counsel LLC bought a new position in shares of Oracle in the second quarter worth approximately $28,000. Cowen Prime Advisors LLC bought a new position in shares of Oracle in the second quarter worth approximately $31,000. Finally, tru Independence LLC bought a new position in shares of Oracle in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 44.47% of the company’s stock.

Oracle Company Profile

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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