Oracle Corporation (NYSE:ORCL) stock is presently standing at about $38.78 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 36 analysts covering the company is $44.50, which suggests the stock could still rise over 13 percent. The highest analyst price target is $52.00, which implies a rally of 66 percent. And a quick view of analyst notes show that 13 are rating the stock a buy while 7 rate ORCL a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.
Rosenblatt analysts provided their view on Oracle Corporation (NYSE:ORCL) recently. The rating firm issued a Buy rating to this company in a research note released on Aug 08, 2016. BMO Capital Markets analysts disclosed their opinion on Oracle Corporation (NYSE:ORCL) recently. The rating firm gave a Outperform rating to this stock in a research note published on Jul 12, 2016. According to a research note disclosed on Jun 29, 2016, analysts at JP Morgan have upped their rating on these shares from Underweight to Neutral.
Oracle Corporation (NYSE:ORCL) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director SELIGMAN NAOMI O sold 45,000 company shares for $1742000.4, in a transaction on 2016-12-21. Following the transaction, the Director is left with a stake of 1742.4 shares, currently valued at $67570. Meanwhile, Director GARCIA-MOLINA HECTOR sold 3,750 shares worth $153000.19, through a transaction dated 2016-12-15. Following the completion of the transaction, the insider is left with a stake of 6,406 shares, amounting $248424.68. ORCL Director GARCIA-MOLINA HECTOR also sold 3,750 shares, at a stock price of $39.06. This transaction occurred on 2016-11-15 totals $146000.48. After this transaction, the insider’s stake stands at 6,406 shares, with a market value of $248425.
Executives hold 27.24 percent of the stock. Lawrence J. Ellison is one of the biggest insider owners in Oracle Corporation (NYSE:ORCL), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,122,053,736 shares which have current market value of around $43513243882.08.Ms. Safra Ada Catz is another major inside shareholder in the company. The insider owns 461,860 shares as of less than 0.1%, currently worth $17910930.8. Mr. Mark V. Hurd is ranked as third insider holder of the stock. This insider holds 203,891 shares with a market value around $7906892.98 as of recent close.
Oracle Corporation (NYSE:ORCL) Earnings Outlook
In Oracle Corporation (NYSE:ORCL)’s latest quarter, EPS moved to $0.61 from $0.55 in preceding quarter and revenues reached at $9,070.00M compared to $8,613.00M. Analysts had expected Oracle Corporation (NYSE:ORCL) to post net income of about $0.60 per share on $9,115.58M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.79 to $0.83. That is compared with the $0.64 in EPS it reported during the same period a year ago.