Oracle (NYSE:ORCL) Upgraded by StockNews.com to “Buy” Rating

Oracle (NYSE:ORCL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other brokerages also recently commented on ORCL. Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. BMO Capital Markets upped their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, TD Cowen increased their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Trading Up 1.3 %

Oracle stock opened at $171.82 on Monday. Oracle has a 1 year low of $99.26 and a 1 year high of $178.61. The firm’s 50-day moving average is $164.71 and its 200-day moving average is $143.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $476.12 billion, a P/E ratio of 44.28, a PEG ratio of 3.13 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities analysts expect that Oracle will post 5 earnings per share for the current year.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after purchasing an additional 2,093,893 shares during the period. International Assets Investment Management LLC grew its position in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted its position in Oracle by 5,853.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after buying an additional 1,526,500 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.