JPMorgan Chase & Co. Has Lowered Expectations for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $140.00 to $135.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the enterprise software provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 10.69% from the stock’s current price.

A number of other brokerages have also recently commented on ORCL. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI dropped their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, UBS Group dropped their price objective on shares of Oracle from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $176.85.

Oracle Stock Up 4.8 %

ORCL stock opened at $151.17 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a twelve month low of $112.78 and a twelve month high of $198.31. The company’s 50 day moving average is $166.51 and its two-hundred day moving average is $169.49. The stock has a market cap of $422.81 billion, a P/E ratio of 36.96, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last announced its earnings results 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 business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. Research analysts expect that Oracle will post 5 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Norges Bank acquired a new stake in Oracle during the 4th quarter worth approximately $2,216,314,000. Raymond James Financial Inc. acquired a new stake in Oracle during the 4th quarter worth approximately $930,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock worth $512,909,000 after acquiring an additional 2,242,520 shares during the period. Institutional investors and hedge funds 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.