Oracle (NYSE:ORCL) Cut to “Sell” at Monness Crespi & Hardt

Monness Crespi & Hardt cut shares of Oracle (NYSE:ORCL) from a neutral rating to a sell rating in a report published on Friday, MarketBeat.com reports. Monness Crespi & Hardt currently has $130.00 price target on the enterprise software provider’s stock.

A number of other equities analysts have also recently weighed in on ORCL. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Up 0.5 %

Oracle stock opened at $169.66 on Friday. The firm has a market cap of $474.53 billion, a PE ratio of 41.48, a P/E/G ratio of 3.39 and a beta of 1.03. Oracle has a 12 month low of $101.74 and a 12 month high of $198.31. The stock’s 50 day simple moving average is $179.83 and its two-hundred day simple moving average is $157.66. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. Analysts anticipate that Oracle will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be issued a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is 39.12%.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Creek Financial Management LLC purchased a new stake in Oracle in the second quarter valued at approximately $213,000. Optas LLC lifted its stake in Oracle by 56.1% during the 2nd quarter. Optas LLC now owns 9,417 shares of the enterprise software provider’s stock worth $1,330,000 after acquiring an additional 3,385 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in Oracle by 60.4% during the 2nd quarter. Independence Bank of Kentucky now owns 17,612 shares of the enterprise software provider’s stock valued at $2,487,000 after acquiring an additional 6,633 shares during the period. POM Investment Strategies LLC purchased a new stake in Oracle during the second quarter worth about $30,000. Finally, Tempus Wealth Planning LLC lifted its position in shares of Oracle by 4.0% during the second quarter. Tempus Wealth Planning LLC now owns 12,540 shares of the enterprise software provider’s stock worth $1,771,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds 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.