Oracle (ORCL) Given a $55.00 Price Target at J P Morgan Chase & Co

J P Morgan Chase & Co set a $55.00 target price on Oracle (NYSE:ORCL) in a report released on Monday. The firm currently has a buy rating on the enterprise software provider’s stock.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada set a $51.00 price target on shares of Oracle and gave the company a neutral rating in a research note on Monday. Oppenheimer restated a hold rating on shares of Oracle in a research note on Friday. Goldman Sachs Group set a $58.00 price target on shares of Oracle and gave the company a buy rating in a research note on Friday. Canaccord Genuity dropped their price target on shares of Oracle from $57.00 to $53.00 and set a buy rating on the stock in a research note on Friday. Finally, BMO Capital Markets dropped their price target on shares of Oracle from $57.00 to $55.00 and set an outperform rating on the stock in a research note on Friday. Fourteen research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Oracle presently has a consensus rating of Buy and a consensus price target of $55.26.

Shares of Oracle (NYSE ORCL) opened at $47.71 on Monday. The firm has a market cap of $201,579.36, a PE ratio of 18.43, a P/E/G ratio of 1.84 and a beta of 1.05. Oracle has a 12 month low of $38.30 and a 12 month high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business earned $0.61 earnings per share. Oracle’s revenue was up 6.2% compared to the same quarter last year. analysts expect that Oracle will post 2.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

Oracle announced that its Board of Directors has authorized a share buyback program on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, EVP Dorian Daley sold 25,776 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the sale, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,814,687 over the last 90 days. 29.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC lifted its position in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its position in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after acquiring an additional 947 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after acquiring an additional 2,436 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $129,000. Hedge funds and other institutional investors own 57.40% of the company’s stock.

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Oracle 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 (NYSE:ORCL)

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