Oracle (NYSE:ORCL) Price Target Raised to $175.00

Oracle (NYSE:ORCL) had its price objective raised by Morgan Stanley from $145.00 to $175.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the enterprise software provider’s stock.

ORCL has been the subject of several other research reports. Mizuho upped their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Citigroup increased their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.63.

Oracle Stock Performance

Oracle stock opened at $175.28 on Tuesday. Oracle has a 12-month low of $99.26 and a 12-month high of $198.31. The stock has a market capitalization of $485.71 billion, a price-to-earnings ratio of 45.39, a P/E/G ratio of 3.49 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a 50-day simple moving average of $180.19 and a 200 day simple moving average of $155.22.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 EPS. On average, research analysts anticipate that Oracle will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s payout ratio is presently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth $30,000. Quest Partners LLC bought a new position in shares of Oracle in the second quarter valued at $40,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at about $44,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter worth about $51,000. 42.44% of the stock is 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.