Oracle (NYSE:ORCL) Price Target Raised to $200.00

Oracle (NYSE:ORCL) had its price target raised by BMO Capital Markets from $175.00 to $200.00 in a report published on Monday morning, MarketBeat reports. BMO Capital Markets currently has a market perform rating on the enterprise software provider’s stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. UBS Group reissued a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Barclays lowered their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group cut their price objective on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Mizuho lowered their target price on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $175.78.

Oracle Stock Performance

NYSE:ORCL opened at $176.33 on Monday. The firm has a market capitalization of $493.20 billion, a PE ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32. Oracle has a 1 year low of $118.86 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s fifty day simple moving average is $149.60 and its 200 day simple moving average is $160.36.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle will post 5 EPS for the current year.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last quarter. Corporate insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the fourth quarter valued at approximately $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter worth approximately $33,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.