Guggenheim Increases Oracle (NYSE:ORCL) Price Target to $220.00

Oracle (NYSE:ORCL) had its price target hoisted by Guggenheim from $200.00 to $220.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the enterprise software provider’s stock.

ORCL has been the topic of several other reports. Morgan Stanley increased their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Royal Bank of Canada began coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target on the stock. Finally, KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.52.

Oracle Price Performance

NYSE:ORCL opened at $191.69 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle has a 52 week low of $99.26 and a 52 week high of $196.04. The stock’s 50-day moving average price is $179.36 and its 200-day moving average price is $153.99. The stock has a market capitalization of $531.18 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. As a group, equities analysts expect that Oracle will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.83%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Buying and Selling at Oracle

In related 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 value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter valued at approximately $44,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $40,000. 42.44% of the stock is currently owned by hedge funds and other 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.