Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Oracle (NYSE:ORCL)

Oracle (NYSE:ORCL)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Thursday, Marketbeat.com reports. They presently have a $240.00 price objective on the enterprise software provider’s stock, up from their previous price objective of $200.00. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 12.76% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Morgan Stanley restated a “positive” rating on shares of Oracle in a research note on Monday, June 9th. Citigroup raised their price objective on shares of Oracle from $160.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, June 9th. Mizuho lowered their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Barclays lowered their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.

Oracle Stock Down 1.1%

Shares of ORCL stock traded down $2.37 during trading on Thursday, hitting $212.85. 12,040,357 shares of the company were exchanged, compared to its average volume of 9,732,344. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $595.33 billion, a price-to-earnings ratio of 52.07, a P/E/G ratio of 3.46 and a beta of 1.32. The business’s 50-day simple moving average is $152.88 and its 200 day simple moving average is $160.31. Oracle has a twelve month low of $118.86 and a twelve month high of $216.98.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Insider Activity at Oracle

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

Institutional Trading of Oracle

Large investors have recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter worth $30,000. Finally, Hurley Capital LLC acquired a new position in Oracle during the fourth quarter worth $33,000. 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.