Oracle (NYSE:ORCL) Earns Neutral Rating from The Goldman Sachs Group

Oracle (NYSE:ORCL)‘s stock had its “neutral” rating reaffirmed by stock analysts at The Goldman Sachs Group in a note issued to investors on Friday, Marketbeat.com reports. They currently have a $195.00 price target on the enterprise software provider’s stock, up from their previous price target of $145.00. The Goldman Sachs Group’s price objective would suggest a potential downside of 8.62% from the stock’s current price.

Several other research firms also recently commented on ORCL. Morgan Stanley reaffirmed a “positive” rating on shares of Oracle in a research note on Monday, June 9th. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Cantor Fitzgerald lowered their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Citigroup boosted their price target on shares of Oracle from $160.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Finally, BMO Capital Markets upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $200.00 to $235.00 in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.

Oracle Price Performance

Shares of Oracle stock traded down $1.83 during trading on Friday, reaching $213.39. 12,183,666 shares of the stock traded hands, compared to its average volume of 9,733,034. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $596.85 billion, a price-to-earnings ratio of 52.00, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle has a 52-week low of $118.86 and a 52-week high of $216.98. The business has a fifty day simple moving average of $152.88 and a two-hundred day simple moving average of $160.31.

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

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Redmont Wealth Advisors LLC purchased a new position in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC increased 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 purchased a new stake in Oracle in the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at about $33,000. 42.44% of the stock is currently 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.