Oracle (NYSE:ORCL) PT Raised to $205.00

Oracle (NYSE:ORCL) had its target price lifted by equities researchers at JMP Securities from $175.00 to $205.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “market outperform” rating on the enterprise software provider’s stock. JMP Securities’ target price points to a potential upside of 17.35% from the stock’s current price.

A number of other brokerages also recently issued reports on ORCL. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Guggenheim increased their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Piper Sandler increased their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. KeyCorp increased their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Trading Down 0.6 %

NYSE ORCL opened at $174.69 on Friday. The firm has a market capitalization of $484.08 billion, a P/E ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a fifty day simple moving average of $156.29 and a 200 day simple moving average of $138.59. Oracle has a 12 month low of $99.26 and a 12 month high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, analysts predict that Oracle will post 5 EPS for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Westend Capital Management LLC bought a new stake in Oracle in the first quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle during the 2nd quarter valued at $35,000. Finally, Alaska Permanent Fund Corp purchased a new stake in Oracle during the 1st quarter valued at $36,000. Institutional investors 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.