Oracle (NYSE:ORCL) Given a $82.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $82.00 target price on Oracle (NYSE:ORCLGet Rating) in a report issued on Thursday morning, Borsen Zeitung reports.

Several other research analysts have also recently issued reports on the company. UBS Group set a $75.00 price objective on Oracle in a research note on Tuesday. Wolfe Research dropped their price objective on Oracle from $105.00 to $83.00 in a research note on Friday, March 11th. Societe Generale raised Oracle from a hold rating to a buy rating in a research note on Friday, March 11th. Morgan Stanley increased their price objective on Oracle from $87.00 to $88.00 and gave the stock an equal weight rating in a research note on Monday, June 6th. Finally, Monness Crespi & Hardt dropped their target price on Oracle from $126.00 to $113.00 and set a buy rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $90.96.

Shares of NYSE ORCL opened at $68.71 on Thursday. The business’s 50 day moving average price is $73.19 and its 200-day moving average price is $80.24. Oracle has a fifty-two week low of $63.76 and a fifty-two week high of $106.34. The company has a market cap of $183.33 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.89 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last issued its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.17. Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The firm had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts expect that Oracle will post 3.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, July 11th. Oracle’s dividend payout ratio is currently 49.04%.

In related news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the transaction, the director now owns 41,886 shares in the company, valued at $3,523,031.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 43.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of ORCL. Level Financial Advisors Inc. acquired a new position in shares of Oracle during the fourth quarter worth $28,000. Evolution Advisers Inc. acquired a new position in shares of Oracle during the fourth quarter worth $33,000. Steward Financial Group LLC acquired a new position in shares of Oracle during the first quarter worth $33,000. Ulland Investment Advisors LLC boosted its stake in Oracle by 469.0% in the first quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock valued at $33,000 after acquiring an additional 333 shares in the last quarter. Finally, Bivin & Associates Inc. acquired a new position in Oracle in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 42.33% of the company’s stock.

Oracle Company Profile (Get Rating)

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.

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