DA Davidson Has Optimistic Outlook of Oracle FY2027 Earnings

Oracle Corporation (NYSE:ORCL) – Stock analysts at DA Davidson raised their FY2027 EPS estimates for shares of Oracle in a report issued on Wednesday, September 10th. DA Davidson analyst G. Luria now forecasts that the enterprise software provider will earn $6.53 per share for the year, up from their previous estimate of $6.06. DA Davidson currently has a “Neutral” rating and a $300.00 price target on the stock. The consensus estimate for Oracle’s current full-year earnings is $5.00 per share.

Other equities research analysts also recently issued research reports about the stock. TD Cowen upped their price target on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Oracle in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Evercore ISI increased their target price on shares of Oracle from $270.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.84.

Oracle Stock Down 6.3%

Shares of NYSE:ORCL opened at $307.64 on Thursday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The company has a market cap of $864.11 billion, a PE ratio of 71.21, a price-to-earnings-growth ratio of 4.91 and a beta of 1.46. Oracle has a 52 week low of $118.86 and a 52 week high of $345.72. The firm has a 50 day simple moving average of $243.59 and a 200 day simple moving average of $189.52.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 44,183 shares of company stock worth $10,353,198 in the last ninety days. Company insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Oracle by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after purchasing an additional 3,353,461 shares in the last quarter. State Street Corp raised its holdings in Oracle by 1.7% in the 2nd quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock worth $16,060,427,000 after acquiring an additional 1,252,723 shares during the period. Northern Trust Corp raised its holdings in Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the period. Norges Bank bought a new position in Oracle in the 2nd quarter worth $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after acquiring an additional 59,164 shares during the period. Institutional investors own 42.44% of the company’s stock.

About Oracle

Oracle Corporation offers 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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.