Oracle’s (ORCL) “Outperform” Rating Reiterated at Evercore ISI

Oracle (NYSE:ORCL)‘s stock had its “outperform” rating reiterated by analysts at Evercore ISI in a research report issued on Thursday, Marketbeat reports. They currently have a $215.00 target price on the enterprise software provider’s stock, up from their previous target price of $180.00. Evercore ISI’s price objective would indicate a potential upside of 0.95% from the stock’s previous close.

A number of other brokerages have also recently commented on ORCL. KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. UBS Group raised their price target on shares of Oracle from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Stephens started coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective on the stock. Finally, DA Davidson reduced their price target on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.32.

Oracle Price Performance

ORCL stock traded down $2.25 during midday trading on Thursday, reaching $212.98. 11,765,897 shares of the company’s stock traded hands, compared to its average volume of 11,578,853. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $595.68 billion, a price-to-earnings ratio of 52.07, 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 $216.60. The company has a 50-day simple moving average of $152.88 and a two-hundred day simple moving average of $160.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. On average, analysts anticipate that Oracle will post 5 earnings per share for the current year.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock valued at $80,183,723 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. FMR LLC lifted its holdings in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp lifted its holdings in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after acquiring an additional 120,889 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.