Oracle (NYSE:ORCL) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Oracle (NYSE:ORCL) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $205.00 price objective on the enterprise software provider’s stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Barclays boosted their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.63.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $175.28 on Tuesday. The stock has a market capitalization of $485.71 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. The business’s fifty day moving average price is $180.19 and its two-hundred day moving average price is $155.22. Oracle has a fifty-two week low of $99.26 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm earned $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Oracle will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Oracle

Several large investors have recently bought and sold shares of the company. Great Valley Advisor Group Inc. grew its stake in shares of Oracle by 11.7% in the second quarter. Great Valley Advisor Group Inc. now owns 16,013 shares of the enterprise software provider’s stock worth $2,261,000 after purchasing an additional 1,678 shares during the last quarter. ORG Partners LLC grew its position in shares of Oracle by 624.0% in the 2nd quarter. ORG Partners LLC now owns 6,719 shares of the enterprise software provider’s stock valued at $961,000 after buying an additional 5,791 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Oracle by 10.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 139,571 shares of the enterprise software provider’s stock valued at $19,707,000 after buying an additional 13,412 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Oracle by 2.8% during the second quarter. Cornerstone Wealth Management LLC now owns 3,952 shares of the enterprise software provider’s stock worth $558,000 after acquiring an additional 108 shares during the last quarter. Finally, Oak Ridge Investments LLC acquired a new position in shares of Oracle in the second quarter worth approximately $235,000. 42.44% of the stock is currently owned by institutional investors.

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.