Oracle (NYSE:ORCL) Given New $205.00 Price Target at JMP Securities

Oracle (NYSE:ORCL) had its price objective lifted by JMP Securities from $175.00 to $205.00 in a report released on Friday morning, Benzinga reports. They currently have a market outperform rating on the enterprise software provider’s stock.

Several other brokerages have also weighed in on ORCL. Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Stifel Nicolaus raised their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Morgan Stanley boosted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Oracle Stock Performance

NYSE ORCL opened at $173.76 on Friday. The business’s 50-day moving average price is $157.11 and its 200 day moving average price is $139.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a market capitalization of $478.86 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its position 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 purchasing an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in 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 during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Oracle by 97.4% in the 1st 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 acquiring an additional 2,093,893 shares during the period. Altshuler Shaham Ltd increased its stake in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. 42.44% of the stock is currently owned by 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.