Brokerages Set Oracle Co. (NYSE:ORCL) PT at $130.76

Shares of Oracle Co. (NYSE:ORCL) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $130.76.

Several brokerages have commented on ORCL. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Oppenheimer initiated coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invst LLC boosted its holdings in shares of Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares in the last quarter. Nemes Rush Group LLC grew its position in Oracle by 1.2% during the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after acquiring an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after acquiring an additional 90 shares in the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after acquiring an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. boosted its stake in shares of Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after purchasing an additional 90 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL opened at $116.50 on Tuesday. The stock has a 50 day moving average of $119.52 and a 200 day moving average of $113.21. The company has a market capitalization of $320.20 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.35 and a beta of 1.01. Oracle has a 12 month low of $93.85 and a 12 month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. As a group, sell-side analysts forecast that Oracle will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

About Oracle

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.