Oracle (ORCL) Price Target Cut to $55.00

Oracle (NYSE:ORCL) had its price target lowered by equities research analysts at BMO Capital Markets from $57.00 to $55.00 in a research report issued on Friday, MarketBeat reports. The brokerage currently has an “outperform” rating on the enterprise software provider’s stock. BMO Capital Markets’ target price points to a potential upside of 9.58% from the company’s current price.

A number of other brokerages have also recently commented on ORCL. Wedbush restated an “outperform” rating and set a $58.00 target price on shares of Oracle in a report on Friday, September 15th. UBS restated a “buy” rating and set a $57.00 target price (up previously from $52.00) on shares of Oracle in a report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 target price on shares of Oracle and gave the company a “buy” rating in a report on Friday, September 15th. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group boosted their target price on shares of Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th. Fourteen research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Oracle has an average rating of “Buy” and an average target price of $54.97.

Oracle (NYSE ORCL) traded up $0.14 during trading hours on Friday, reaching $50.19. 22,259,200 shares of the company traded hands, compared to its average volume of 13,348,773. The company has a market capitalization of $208,882.97, a PE ratio of 19.63, a P/E/G ratio of 1.90 and a beta of 1.05. Oracle has a twelve month low of $38.30 and a twelve month high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. analysts predict that Oracle will post 2.68 earnings per share for the current fiscal year.

In other news, Director George H. Conrades sold 56,250 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the completion of the transaction, the director now directly owns 66,250 shares in the company, valued at approximately $3,196,562.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $885,043.75. The disclosure for this sale can be found here. Insiders sold a total of 302,026 shares of company stock valued at $14,633,187 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Morningstar Investment Services LLC increased its stake in Oracle by 0.8% in the first quarter. Morningstar Investment Services LLC now owns 1,122,953 shares of the enterprise software provider’s stock worth $50,095,000 after purchasing an additional 9,398 shares during the period. DE Burlo Group Inc. bought a new position in shares of Oracle during the 1st quarter worth $205,000. Allegis Investment Advisors LLC grew its position in shares of Oracle by 172.5% during the 1st quarter. Allegis Investment Advisors LLC now owns 17,767 shares of the enterprise software provider’s stock worth $793,000 after buying an additional 11,248 shares in the last quarter. Lincoln National Corp grew its position in shares of Oracle by 6.3% during the 1st quarter. Lincoln National Corp now owns 9,422 shares of the enterprise software provider’s stock worth $420,000 after buying an additional 555 shares in the last quarter. Finally, Thomaspartners Inc. grew its position in shares of Oracle by 9.5% during the 1st quarter. Thomaspartners Inc. now owns 4,337,983 shares of the enterprise software provider’s stock worth $193,517,000 after buying an additional 374,570 shares in the last quarter. Institutional investors own 57.70% of the company’s stock.

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Oracle Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.