Oracle (NYSE:ORCL) Price Target Raised to $220.00

Oracle (NYSE:ORCL) had its price objective raised by Jefferies Financial Group from $190.00 to $220.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the enterprise software provider’s stock.

Several other brokerages have also issued reports on ORCL. Mizuho boosted their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Morgan Stanley increased their price target 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. KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.52.

Oracle Stock Performance

Shares of ORCL opened at $191.69 on Thursday. The company has a 50-day moving average of $179.36 and a two-hundred day moving average of $153.99. The stock has a market cap of $531.18 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 3.43 and a beta of 1.03. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle has a one year low of $99.26 and a one year high of $196.04.

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, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, equities research analysts expect that Oracle will post 5.06 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

Institutional investors have recently modified their holdings of the business. Oddo BHF Asset Management Sas acquired a new stake in shares of Oracle during the third quarter worth $1,242,000. Capasso Planning Partners LLC bought a new stake in shares of Oracle in the third quarter worth about $207,000. Inspire Trust Co. N.A. increased its stake in Oracle by 11.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider’s stock worth $5,236,000 after purchasing an additional 3,207 shares in the last quarter. American Trust acquired a new position in shares of Oracle in the third quarter valued at approximately $223,000. Finally, Franklin Resources Inc. raised its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 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.