Oracle (NYSE:ORCL) Rating Reiterated by Guggenheim

Oracle (NYSE:ORCL)‘s stock had its “buy” rating reiterated by Guggenheim in a research report issued on Tuesday, Benzinga reports. They presently have a $175.00 target price on the enterprise software provider’s stock. Guggenheim’s price objective would suggest a potential upside of 26.58% from the stock’s current price.

ORCL has been the topic of a number of other reports. Sanford C. Bernstein lifted their price target on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Stifel Nicolaus raised their price objective on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, The Goldman Sachs Group raised their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Down 0.7 %

Shares of Oracle stock opened at $138.25 on Tuesday. The firm has a market cap of $381.00 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 2.52 and a beta of 1.01. The stock’s 50-day moving average is $123.84 and its 200 day moving average is $117.48. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle has a one year low of $99.26 and a one year high of $145.32.

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 the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Oracle will post 5.01 EPS for the current year.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 348,418 shares of company stock valued at $47,784,717. 42.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ORCL. Westend Capital Management LLC purchased a new stake in Oracle in the 1st quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in Oracle in the third quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in Oracle in the third quarter valued at $27,000. Tidemark LLC purchased a new position in Oracle during the 4th quarter valued at $29,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $30,000. 42.44% of the stock is 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.