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Oracle (NYSE:ORCL – Get Free Report) had its price objective boosted by equities researchers at The Goldman Sachs Group from $145.00 to $195.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the enterprise software provider’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 9.53% from the stock’s current price.
ORCL has been the topic of several other reports. Evercore ISI increased their target price on Oracle from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Cantor Fitzgerald cut their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Oracle from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. JMP Securities raised their price target on shares of Oracle from $205.00 to $240.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, UBS Group boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.
View Our Latest Research Report on Oracle
Oracle Stock Up 7.8%
Shares of NYSE:ORCL opened at $215.54 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The stock’s 50-day moving average price is $152.88 and its two-hundred day moving average price is $160.46. Oracle has a 12-month low of $118.86 and a 12-month high of $216.60.
Oracle (NYSE:ORCL – Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share. On average, research analysts forecast that Oracle will post 5 EPS for the current year.
Insiders Place Their Bets
In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock valued at $80,183,723 in the last ninety days. Corporate insiders own 42.20% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. FMR LLC lifted its holdings in shares of Oracle by 0.4% in the 4th 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 last quarter. Geode Capital Management LLC boosted its position in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. boosted its position in Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp grew its stake in Oracle by 0.6% during the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after buying an additional 120,889 shares during the last quarter. 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.
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