Oracle (NYSE:ORCL) Price Target Cut to $190.00 by Analysts at Jefferies Financial Group

Oracle (NYSE:ORCL) had its price objective lowered by investment analysts at Jefferies Financial Group from $220.00 to $190.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the enterprise software provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 33.75% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Morgan Stanley decreased their price target on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Stifel Nicolaus dropped their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Mizuho raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald reduced their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Stock Up 1.6 %

Shares of ORCL stock opened at $142.05 on Monday. The firm’s fifty day moving average price is $162.91 and its two-hundred day moving average price is $170.02. Oracle has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $397.32 billion, a P/E ratio of 34.73, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. On average, equities analysts predict that Oracle will post 5 EPS for the current fiscal year.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Oracle in the 4th quarter valued at about $2,216,314,000. Raymond James Financial Inc. bought a new position in Oracle in the fourth quarter valued at $930,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. lifted its stake in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock valued at $512,909,000 after purchasing an additional 2,242,520 shares during the last quarter. 42.44% of the stock is owned by 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.