Oracle (NYSE:ORCL) Price Target Raised to $200.00

Oracle (NYSE:ORCL) had its price objective raised by Jefferies Financial Group from $190.00 to $200.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have a buy rating on the enterprise software provider’s stock.

ORCL has been the topic of a number of other research reports. Barclays lowered their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets lifted their price target on Oracle from $175.00 to $200.00 and gave the company a “market perform” rating in a report on Monday. Finally, Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.78.

Oracle Stock Performance

Shares of NYSE ORCL opened at $176.33 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $493.20 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32. The stock’s fifty day simple moving average is $149.60 and its 200 day simple moving average is $160.36. Oracle has a 52-week low of $118.86 and a 52-week high of $198.31.

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

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last quarter. Insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Oracle

Several large investors have recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its position in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. Finally, Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.