Oracle (NYSE:ORCL) Price Target Raised to $87.00

Oracle (NYSE:ORCL) had its price objective lifted by Morgan Stanley from $77.00 to $87.00 in a report published on Monday morning, Price Targets.com reports. Morgan Stanley currently has an equal weight rating on the enterprise software provider’s stock.

Several other research analysts have also recently issued reports on ORCL. TheStreet cut shares of Oracle from a b rating to a c+ rating in a report on Tuesday, September 14th. JPMorgan Chase & Co. set a $89.00 target price on shares of Oracle in a report on Tuesday, September 14th. The Goldman Sachs Group raised their target price on shares of Oracle from $60.00 to $66.00 and gave the stock a sell rating in a report on Tuesday, September 14th. Cowen restated a buy rating and issued a $93.00 target price on shares of Oracle in a report on Friday, September 10th. Finally, Jefferies Financial Group restated a hold rating and issued a $95.00 target price on shares of Oracle in a report on Tuesday, September 14th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $80.77.

Shares of NYSE ORCL opened at $89.42 on Monday. Oracle has a one year low of $55.14 and a one year high of $91.78. The company has a debt-to-equity ratio of 12.77, a current ratio of 2.30 and a quick ratio of 2.30. The firm’s 50 day simple moving average is $88.81 and its two-hundred day simple moving average is $81.20. The stock has a market capitalization of $244.85 billion, a P/E ratio of 19.57, a PEG ratio of 2.53 and a beta of 0.80.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The business had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts expect that Oracle will post 4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 26th. Stockholders of record on Tuesday, October 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, October 8th. Oracle’s dividend payout ratio is presently 30.77%.

In related news, EVP Dorian Daley sold 150,000 shares of Oracle stock in a transaction dated Tuesday, June 29th. The stock was sold at an average price of $78.21, for a total value of $11,731,500.00. Following the completion of the sale, the executive vice president now directly owns 150,000 shares in the company, valued at approximately $11,731,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 35,000 shares of Oracle stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $87.88, for a total value of $3,075,800.00. Following the completion of the sale, the director now owns 71,724 shares of the company’s stock, valued at $6,303,105.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,500 shares of company stock valued at $17,808,800. 39.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. blooom inc. bought a new stake in shares of Oracle during the 2nd quarter valued at about $440,000. Activest Wealth Management bought a new stake in shares of Oracle during the 2nd quarter valued at about $65,000. Sunflower Bank N.A. bought a new stake in shares of Oracle during the 2nd quarter valued at about $1,490,000. Punch & Associates Investment Management Inc. grew its stake in shares of Oracle by 0.6% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 118,636 shares of the enterprise software provider’s stock valued at $9,235,000 after purchasing an additional 682 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Oracle by 205.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,243 shares of the enterprise software provider’s stock valued at $97,000 after purchasing an additional 836 shares during the period. Institutional investors own 44.47% of the company’s stock.

About Oracle

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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