Brokerages Set Oracle Corporation (NYSE:ORCL) PT at $301.57

Shares of Oracle Corporation (NYSE:ORCLGet Free Report) have received an average recommendation of “Moderate Buy” from the forty-three ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have given a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $307.7222.

ORCL has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Oracle from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. William Blair restated an “outperform” rating on shares of Oracle in a report on Friday, October 17th. Wolfe Research increased their target price on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $375.00 target price on shares of Oracle in a report on Wednesday, November 26th. Finally, Morgan Stanley upped their price target on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 23rd.

Check Out Our Latest Analysis on ORCL

Key Headlines Impacting Oracle

Here are the key news stories impacting Oracle this week:

Oracle Stock Up 6.9%

Shares of NYSE:ORCL opened at $192.41 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. The firm has a market cap of $552.83 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.73 and a beta of 1.66. The stock’s 50-day moving average price is $234.97 and its two-hundred day moving average price is $242.06. Oracle has a 12-month low of $118.86 and a 12-month high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the prior year, the firm posted $1.47 EPS. The company’s revenue was up 14.2% on a year-over-year basis. On average, research analysts forecast that Oracle will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. Oracle’s payout ratio is presently 37.59%.

Insider Activity

In other news, EVP Stuart Levey sold 19,758 shares of the stock in a transaction 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 represents a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at approximately $42,610,859.20. This represents a 20.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 155,190 shares of company stock worth $45,279,001. Insiders own 40.90% of the company’s stock.

Institutional Trading of Oracle

Several large investors have recently added to or reduced their stakes in ORCL. Winnow Wealth LLC acquired a new stake in Oracle in the second quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter worth approximately $28,000. Kilter Group LLC bought a new stake in Oracle during the second quarter valued at $30,000. Darwin Wealth Management LLC grew 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 valued at $32,000 after buying an additional 65 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC grew its holdings in shares of Oracle by 76.9% during the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Company Profile

(Get Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

See Also

Analyst Recommendations for Oracle (NYSE:ORCL)

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