Oracle (ORCL) Earns “Reduce” Rating from Nomura

Nomura reissued their reduce rating on shares of Oracle (NYSE:ORCL) in a research note issued to investors on Monday, MarketBeat reports. They currently have a $42.00 price objective on the enterprise software provider’s stock, down from their previous price objective of $53.00.

ORCL has been the topic of a number of other research reports. Zacks Investment Research downgraded Oracle from a hold rating to a sell rating in a research report on Wednesday, March 6th. Morgan Stanley downgraded Oracle from an overweight rating to an equal weight rating and lowered their target price for the company from $57.00 to $53.00 in a research report on Tuesday, January 15th. Goldman Sachs Group reaffirmed a buy rating and issued a $55.00 target price on shares of Oracle in a research report on Thursday, February 14th. Standpoint Research downgraded Oracle from a buy rating to a hold rating in a research report on Tuesday, February 19th. Finally, Barclays downgraded Oracle from an overweight rating to an equal weight rating and lowered their target price for the company from $60.00 to $55.00 in a research report on Wednesday, January 9th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $52.12.

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NYSE:ORCL opened at $53.06 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market capitalization of $218.45 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.74 and a beta of 1.09. Oracle has a 52-week low of $42.40 and a 52-week high of $53.47.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The business had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.52 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. Oracle’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, analysts anticipate that Oracle will post 3.07 earnings per share for the current year.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $46.42, for a total transaction of $174,075.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at $1,298,320.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dorian Daley sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now owns 102,919 shares of the company’s stock, valued at approximately $4,631,355. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,552 shares of company stock worth $1,945,486. Company insiders own 32.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Oracle by 0.6% in the fourth quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock valued at $1,821,360,000 after buying an additional 238,058 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Oracle by 1.6% in the third quarter. Loomis Sayles & Co. L P now owns 39,519,223 shares of the enterprise software provider’s stock valued at $2,037,611,000 after buying an additional 625,051 shares during the period. Magellan Asset Management Ltd boosted its stake in shares of Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock valued at $1,396,803,000 after buying an additional 148,974 shares during the period. Franklin Resources Inc. boosted its stake in shares of Oracle by 13.1% in the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after buying an additional 3,393,152 shares during the period. Finally, Norges Bank bought a new stake in shares of Oracle in the fourth quarter valued at approximately $1,235,719,000. Institutional investors own 49.81% of the company’s stock.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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