Oracle’s (ORCL) Overweight Rating Reaffirmed at KeyCorp

KeyCorp reaffirmed their overweight rating on shares of Oracle (NYSE:ORCL) in a research report released on Tuesday,Benzinga reports. KeyCorp currently has a $200.00 price objective on the enterprise software provider’s stock.

ORCL has been the subject of a number of other research reports. Stifel Nicolaus cut their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Guggenheim reiterated a “buy” rating and set a $220.00 target price on shares of Oracle in a research report on Wednesday, March 5th. UBS Group cut their target price on shares of Oracle from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $178.92.

Oracle Stock Performance

NYSE ORCL opened at $144.29 on Tuesday. Oracle has a 52-week low of $112.78 and a 52-week high of $198.31. The company has a 50-day simple moving average of $166.82 and a 200 day simple moving average of $169.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $403.58 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. On average, research analysts predict that Oracle will post 5 EPS for the current year.

Oracle Increases Dividend

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

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

Institutional Trading of Oracle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 acquiring 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 acquiring 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 acquiring an additional 59 shares during the last quarter. Requisite Capital Management LLC grew its stake in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the last quarter. 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.