Oracle Corporation (NYSE:ORCL) was upgraded by Vetr from a "hold" rating to a "buy" rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $42.94 price objective on the enterprise software provider's stock. Vetr's price objective would suggest a potential upside of 4.17% from the company's current price.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.22% during midday trading on Wednesday, hitting $41.22. The company's stock had a trading volume of 9,694,690 shares. The company has a 50-day moving average price of $41.19 and a 200 day moving average price of $40.02. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The company has a market cap of $169.94 billion and a P/E ratio of 19.91.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, June 16th. The enterprise software provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.82 by $0.01. During the same quarter in the prior year, the business posted $0.78 EPS. The company earned $10.60 billion during the quarter. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts predict that Oracle Corp. will post $2.77 EPS for the current year.
Several large investors recently bought and sold shares of ORCL. Genesee Valley Trust Co. increased its stake in Oracle Corp. by 2.6% in the fourth quarter. Genesee Valley Trust Co. now owns 45,769 shares of the enterprise software provider's stock valued at $1,672,000 after buying an additional 1,175 shares in the last quarter. Morningstar Investment Services LLC increased its stake in Oracle Corp. by 51.7% in the fourth quarter. Morningstar Investment Services LLC now owns 573,688 shares of the enterprise software provider's stock valued at $20,957,000 after buying an additional 195,442 shares in the last quarter. Stack Financial Management Inc increased its stake in Oracle Corp. by 0.4% in the fourth quarter. Stack Financial Management Inc now owns 869,453 shares of the enterprise software provider's stock valued at $31,761,000 after buying an additional 3,074 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new stake in Oracle Corp. during the fourth quarter valued at about $15,798,000. Finally, Dimensional Fund Advisors LP increased its stake in Oracle Corp. by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,308,770 shares of the enterprise software provider's stock valued at $267,013,000 after buying an additional 442,094 shares in the last quarter.
Several other equities research analysts also recently weighed in on the company. Atlantic Securities downgraded Oracle Corp. from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $48.00 to $44.00 in a report on Tuesday, July 19th. Jefferies Group reissued a "buy" rating on shares of Oracle Corp. in a report on Wednesday, July 6th. JPMorgan Chase & Co (NYSE:JPM). raised Oracle Corp. from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $37.00 to $38.00 in a report on Wednesday, June 29th. BMO Capital Markets raised Oracle Corp. from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $45.00 to $47.00 in a report on Tuesday, July 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $51.00 price objective on shares of Oracle Corp. in a report on Friday, July 15th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus target price of $44.47.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the sale, the executive vice president now owns 119,645 shares in the company, valued at $4,925,784.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $41.12, for a total value of $154,200.00. Following the sale, the director now owns 8,281 shares in the company, valued at approximately $340,514.72.
Oracle Corporation (NYSE:ORCL) (Oracle) is a provider of enterprise software and computer hardware products, and services. The Company?s offerings include Oracle database and middleware software, application software, cloud infrastructure, hardware systems including computer server, storage and networking products, and related services.