TD Cowen Has Lowered Expectations for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its price target dropped by investment analysts at TD Cowen from $400.00 to $350.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. TD Cowen’s price objective indicates a potential upside of 84.56% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald reduced their target price on shares of Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday. DA Davidson reduced their price objective on Oracle from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $320.00 target price on shares of Oracle in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Oracle in a research report on Monday. Finally, KeyCorp decreased their price target on Oracle from $350.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.57.

Oracle Stock Performance

Oracle stock opened at $189.64 on Thursday. The company has a market cap of $540.62 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.66. Oracle has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.62. The stock’s 50-day moving average is $245.58 and its 200-day moving average is $240.83.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The firm had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. Equities analysts anticipate that Oracle will post 5 earnings per share for the current year.

Insider Activity

In related news, CEO Clayton M. Magouyrk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was 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 owned 154,030 shares of the company’s stock, valued at $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 171,513 shares of company stock worth $50,397,893 in the last quarter. 40.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oracle

Hedge funds have recently made changes to their positions in the business. FSA Wealth Management LLC acquired a new position in Oracle in the third quarter worth approximately $28,000. Darwin Wealth Management LLC grew its holdings in shares of Oracle by 130.0% in the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after acquiring an additional 65 shares during the last quarter. Mpwm Advisory Solutions LLC raised its position 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 worth $32,000 after purchasing an additional 50 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of Oracle during the third quarter valued at $35,000. Finally, Winnow Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $28,000. 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.