UBS Analysts Give Oracle (ORCL) a $55.00 Price Target

UBS set a $55.00 target price on Oracle (NYSE:ORCL) in a research note released on Friday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the enterprise software provider’s stock.

Several other analysts also recently issued reports on ORCL. Drexel Hamilton restated a buy rating and set a $62.00 price objective on shares of Oracle in a report on Tuesday, December 12th. Vetr downgraded Oracle from a buy rating to a hold rating and set a $52.33 price objective on the stock. in a report on Monday, December 11th. Royal Bank of Canada boosted their price objective on Oracle to $53.00 and gave the stock an outperform rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded Oracle from a buy rating to a hold rating in a report on Thursday, August 17th. Finally, BTIG Research restated a buy rating and set a $58.00 price objective on shares of Oracle in a report on Tuesday, September 19th. Fourteen investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $55.26.

Shares of Oracle (ORCL) opened at $47.71 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle has a 1 year low of $38.30 and a 1 year high of $53.14. The company has a market cap of $199,120.00, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.72%. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. equities analysts anticipate that Oracle will post 2.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. Oracle’s payout ratio is 32.62%.

Oracle announced that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In related news, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value 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 approximately $1,488,444.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the business’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 value of $2,161,350.00. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock valued at $14,814,687. 29.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC lifted its holdings in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors lifted its holdings in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares during the last quarter. TrimTabs Asset Management LLC lifted its holdings in shares of Oracle by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Oracle during the second quarter worth approximately $129,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.

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About Oracle

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.

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