The Oracle Co. (ORCL) Downgraded to “Hold” at Societe Generale

The Oracle Co. (ORCL) Downgraded to “Hold” at Societe Generale

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC lifted their target price on shares of Oracle to $52.00 in a research note on Thursday, March 16th. Cowen and Company lifted their price target on Oracle to $48.00 in a report on Thursday, March 16th. Wedbush lifted their price target on Oracle to $43.00 in a report on Thursday, March 16th. Bank of America Corp lifted their price target on Oracle to $54.00 in a report on Thursday, March 16th. Finally, TheStreet upgraded Oracle from a c+ rating to a b rating in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $46.42.

Societe Generale downgraded shares of Oracle Co. (NYSE:ORCL) from a buy rating to a hold rating in a research note issued to investors on Thursday, May 11th. The brokerage currently has $50.00 target price on the enterprise software provider’s stock, down from their prior target price of $51.00.

Oracle (NYSE ORCL) opened at 45.66 on Thursday. Oracle has a 52-week low of $37.62 and a 52-week high of $46.99. The stock’s 50 day moving average is $44.97 and its 200-day moving average is $42.17. The company has a market capitalization of $187.88 billion, a P/E ratio of 21.60 and a beta of 1.14. Oracle also saw unusually large options trading activity on Friday. Investors purchased 4,198 put options on the stock. This is an increase of approximately 791% compared to the typical daily volume of 471 put options. Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The company had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts predict that Oracle will post $2.63 EPS for the current fiscal year.

Oracle (NYSE ORCL) opened at 45.66 on Thursday. Oracle has a 52-week low of $37.62 and a 52-week high of $46.99. The stock’s 50 day moving average is $44.97 and its 200-day moving average is $42.17. The company has a market capitalization of $187.88 billion, a P/E ratio of 21.60 and a beta of 1.14. Oracle also saw unusually large options trading activity on Friday. Investors purchased 4,198 put options on the stock. This is an increase of approximately 791% compared to the typical daily volume of 471 put options. In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $42.86, for a total value of $160,725.00. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at approximately $354,923.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $46.61, for a total value of $18,644,000.00. Following the completion of the transaction, the insider now owns 400,000 shares of the company’s stock, valued at approximately $18,644,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,834,841 shares of company stock valued at $309,094,949. 29.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Oracle during the third quarter valued at approximately $2,544,000. Wetherby Asset Management Inc. raised its position in Oracle by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 67,301 shares of the enterprise software provider’s stock worth $2,587,000 after buying an additional 248 shares in the last quarter. Majedie Asset Management Ltd raised its position in Oracle by 2.5% in the third quarter. Majedie Asset Management Ltd now owns 159,946 shares of the enterprise software provider’s stock worth $6,283,000 after buying an additional 3,859 shares in the last quarter. TIAA CREF Trust Co. FSB MO increased its stake in shares of Oracle by 3.0% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 557,533 shares of the enterprise software provider’s stock valued at $21,900,000 after buying an additional 16,273 shares during the last quarter. Finally, Quest Investment Management Inc. OR increased its stake in shares of Oracle by 259.6% in the fourth quarter. Quest Investment Management Inc. OR now owns 21,399 shares of the enterprise software provider’s stock valued at $823,000 after buying an additional 15,449 shares during the last quarter. Institutional investors own 57.95% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ORCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment