Credit Suisse Group Analysts Give Oracle (NYSE:ORCL) a $115.00 Price Target

Credit Suisse Group set a $115.00 target price on Oracle (NYSE:ORCL – Get Rating) in a report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the enterprise software provider’s stock.

ORCL has been the topic of several other research reports. Evercore ISI lifted their target price on Oracle from $87.00 to $95.00 in a research note on Friday, March 10th. Monness Crespi & Hardt assumed coverage on Oracle in a research note on Tuesday, December 13th. They set a buy rating and a $113.00 target price on the stock. Societe Generale downgraded Oracle from a buy rating to a hold rating in a research note on Friday, March 10th. They noted that the move was a valuation call. Cowen cut their price target on Oracle from $98.00 to $96.00 and set an outperform rating for the company in a report on Tuesday, December 13th. Finally, Jefferies Financial Group set a $105.00 price target on Oracle in a report on Friday, March 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $95.06.

Oracle Stock Up 0.5 %

NYSE ORCL opened at $85.26 on Wednesday. The stock’s 50-day moving average price is $87.66 and its 200-day moving average price is $79.45. Oracle has a 52 week low of $60.78 and a 52 week high of $91.22. The company has a market capitalization of $230.18 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02.

Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The enterprise software provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. Oracle had a negative return on equity of 262.40% and a net margin of 17.46%. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.42 billion. During the same quarter last year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts anticipate that Oracle will post 3.99 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, April 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. This is a positive change from Oracle’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, April 10th. Oracle’s payout ratio is presently 42.24%.

Insider Transactions at Oracle

In other news, Director Rona Alison Fairhead sold 8,080 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $89.82, for a total value of $725,745.60. Following the completion of the transaction, the director now directly owns 11,197 shares of the company’s stock, valued at approximately $1,005,714.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 43.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Investment Research LLC purchased a new position in Oracle during the 4th quarter worth $25,000. Steward Financial Group LLC purchased a new position in Oracle during the 4th quarter worth $27,000. McClarren Financial Advisors Inc. purchased a new stake in Oracle during the 3rd quarter valued at about $28,000. FSC Wealth Advisors LLC purchased a new stake in Oracle during the 3rd quarter valued at about $29,000. Finally, Pacifica Partners Inc. grew its stake in Oracle by 108.9% during the 3rd quarter. Pacifica Partners Inc. now owns 401 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. 40.96% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

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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.