Oracle (NYSE:ORCL) Given New $159.00 Price Target at Argus

Oracle (NYSE:ORCL) had its price target increased by Argus from $145.00 to $159.00 in a research report sent to investors on Tuesday, Benzinga reports. Argus currently has a buy rating on the enterprise software provider’s stock.

ORCL has been the subject of a number of other reports. Piper Sandler upped their price objective on Oracle from $140.00 to $150.00 and gave the stock an overweight rating in a research note on Wednesday, June 12th. Citigroup decreased their price objective on Oracle from $133.00 to $128.00 and set a neutral rating for the company in a research note on Monday, June 10th. Deutsche Bank Aktiengesellschaft upped their target price on Oracle from $150.00 to $165.00 and gave the company a buy rating in a research report on Monday. StockNews.com lowered Oracle from a buy rating to a hold rating in a research report on Thursday, June 6th. Finally, BMO Capital Markets upped their target price on Oracle from $142.00 to $160.00 and gave the company a market perform rating in a research report on Monday. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $144.79.

Oracle Stock Performance

NYSE ORCL opened at $144.64 on Tuesday. The stock has a market capitalization of $397.54 billion, a PE ratio of 38.99, a P/E/G ratio of 2.47 and a beta of 1.01. The business has a 50 day simple moving average of $121.81 and a two-hundred day simple moving average of $116.50. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85. Oracle has a 1-year low of $99.26 and a 1-year high of $145.06.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. On average, research analysts predict that Oracle will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by insiders.

Institutional Trading of Oracle

Institutional investors have recently made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in Oracle during the first quarter valued at about $25,000. Orion Capital Management LLC purchased a new stake in Oracle during the third quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the third quarter worth about $27,000. Tidemark LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $29,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $30,000. Institutional investors 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.