Oracle (NYSE:ORCL) had its target price boosted by Raymond James from $54.00 to $57.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the enterprise software provider’s stock. Raymond James’ target price indicates a potential upside of 7.57% from the stock’s current price.
ORCL has been the subject of a number of other research reports. Nomura set a $53.00 price objective on shares of Oracle and gave the stock a “buy” rating in a report on Wednesday, December 12th. BMO Capital Markets cut shares of Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price objective on the stock. in a research note on Friday. Barclays cut shares of Oracle from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $60.00 to $55.00 in a research note on Wednesday, January 9th. UBS Group reiterated a “neutral” rating and issued a $51.00 price target on shares of Oracle in a research report on Tuesday, December 18th. Finally, Atlantic Securities began coverage on Oracle in a research note on Wednesday, January 9th. They issued an “underweight” rating and a $45.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.77.
Shares of ORCL stock traded down $0.06 during trading hours on Friday, hitting $52.99. 25,246,673 shares of the company were exchanged, compared to its average volume of 15,100,997. The firm has a market cap of $218.57 billion, a P/E ratio of 18.79, a PEG ratio of 1.75 and a beta of 1.08. Oracle has a 1 year low of $42.40 and a 1 year high of $53.47. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $0.83 earnings per share. Oracle’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts expect that Oracle will post 3.07 earnings per share for the current fiscal year.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $46.42, for a total transaction of $174,075.00. Following the transaction, the director now directly owns 27,969 shares in the company, valued at $1,298,320.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 6,302 shares of the business’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $43.24, for a total transaction of $272,498.48. Following the transaction, the executive vice president now owns 77,919 shares in the company, valued at $3,369,217.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,552 shares of company stock worth $1,945,486. 32.00% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of ORCL. Keel Point LLC bought a new position in Oracle in the third quarter valued at about $227,000. Sather Financial Group Inc boosted its holdings in Oracle by 0.6% in the third quarter. Sather Financial Group Inc now owns 193,457 shares of the enterprise software provider’s stock valued at $9,974,000 after acquiring an additional 1,100 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Oracle by 26.0% in the third quarter. Edgestream Partners L.P. now owns 17,234 shares of the enterprise software provider’s stock valued at $889,000 after acquiring an additional 3,556 shares during the last quarter. Destination Wealth Management boosted its holdings in Oracle by 5.3% in the third quarter. Destination Wealth Management now owns 487,684 shares of the enterprise software provider’s stock valued at $25,145,000 after acquiring an additional 24,389 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new position in Oracle in the third quarter valued at about $222,000. 46.80% of the stock is currently owned by institutional investors.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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