Oracle (NYSE:ORCL) Price Target Cut to $200.00 by Analysts at UBS Group

Oracle (NYSE:ORCL) had its target price decreased by UBS Group from $210.00 to $200.00 in a report issued on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the enterprise software provider’s stock.

A number of other brokerages have also commented on ORCL. Jefferies Financial Group increased their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Piper Sandler reduced their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday. Citigroup upgraded Oracle from a “neutral” rating to a “positive” rating in a research report on Wednesday, March 5th. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.92.

Oracle Trading Down 3.0 %

ORCL stock opened at $144.29 on Tuesday. The business has a fifty day moving average price of $166.82 and a 200 day moving average price of $169.62. Oracle has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The stock has a market capitalization of $403.58 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. Analysts expect that Oracle will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 39.12%.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oracle

Institutional investors have recently made changes to their positions in the company. Activest Wealth Management grew its stake in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. Second Line Capital LLC grew its stake in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares during the last quarter. Cadence Bank grew its stake in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares during the last quarter. Requisite Capital Management LLC boosted its position in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

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.