Oracle (NYSE:ORCL) Price Target Increased to $170.00 by Analysts at Mizuho

Oracle (NYSE:ORCL) had its target price boosted by Mizuho from $160.00 to $170.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the enterprise software provider’s stock.

Other equities research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Oracle from $115.00 to $125.00 and gave the stock an equal weight rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $105.00 to $110.00 and gave the stock a neutral rating in a research report on Wednesday, June 12th. DA Davidson reiterated a neutral rating and issued a $105.00 price objective on shares of Oracle in a research report on Wednesday, June 12th. The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a neutral rating in a report on Wednesday, March 13th. Finally, JMP Securities restated a market perform rating on shares of Oracle in a report on Tuesday, June 11th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $144.17.

Oracle Stock Up 2.3 %

ORCL stock opened at $141.34 on Monday. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85. The company has a market cap of $388.47 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 2.47 and a beta of 1.01. The company has a fifty day moving average price of $121.38 and a 200 day moving average price of $116.30. Oracle has a 12 month low of $99.26 and a 12 month high of $142.40.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Oracle will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Invst LLC increased its holdings in Oracle by 2.7% during 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 during the last quarter. Nemes Rush Group LLC increased its holdings in Oracle by 1.2% during the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC increased its holdings in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after acquiring an additional 90 shares during the last quarter. Sovereign Financial Group Inc. increased 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 valued at $342,000 after acquiring an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. increased its holdings 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 acquiring an additional 90 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.