Oracle (NYSE:ORCL) Price Target Lowered to $270.00 at BMO Capital Markets

Oracle (NYSE:ORCL) had its target price reduced by research analysts at BMO Capital Markets from $355.00 to $270.00 in a report released on Thursday, Marketbeat reports. The firm presently has an “outperform” rating on the enterprise software provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 20.93% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Bank of America upgraded Oracle from a “neutral” rating to a “buy” rating and increased their target price for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. Rothschild Redb raised Oracle to a “strong sell” rating in a research note on Thursday, September 25th. UBS Group lifted their price objective on Oracle from $360.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Guggenheim upped their target price on shares of Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Redburn Partners set a $175.00 price target on shares of Oracle in a research note on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $311.57.

Oracle Stock Performance

Shares of ORCL opened at $223.27 on Thursday. Oracle has a 12-month low of $118.86 and a 12-month high of $345.72. The stock has a market cap of $636.50 billion, a P/E ratio of 51.68, a PEG ratio of 2.51 and a beta of 1.66. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a 50-day moving average of $249.32 and a two-hundred day moving average of $240.90.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same period last year, the business earned $1.39 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts predict that Oracle will post 5 EPS for the current fiscal year.

Insider Activity

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. This trade represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the transaction, the director directly owned 29,225 shares in the company, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 204,254 shares of company stock worth $60,227,807 in the last quarter. Insiders own 40.90% of the company’s stock.

Hedge Funds Weigh In On Oracle

Institutional investors have recently made changes to their positions in the business. Winnow Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $28,000. FSA Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at about $28,000. Kilter Group LLC acquired a new stake in Oracle during the second quarter worth about $30,000. Darwin Wealth Management LLC raised its position in shares of Oracle by 130.0% during the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 65 shares during the period. Finally, Mpwm Advisory Solutions LLC lifted its holdings in shares of Oracle by 76.9% in the 3rd quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile

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.