Oracle (NYSE:ORCL) Stock Price Up 3.1% on Analyst Upgrade

Oracle Co. (NYSE:ORCL) shot up 3.1% on Friday after Guggenheim raised their price target on the stock from $200.00 to $220.00. Guggenheim currently has a buy rating on the stock. Oracle traded as high as $192.22 and last traded at $192.06. 3,113,711 shares changed hands during trading, a decline of 62% from the average session volume of 8,221,824 shares. The stock had previously closed at $186.24.

Other analysts have also issued reports about the stock. Piper Sandler increased their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target on the stock. Morgan Stanley increased their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.52.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northeast Financial Group Inc. purchased a new position in Oracle during the second quarter worth approximately $205,000. Financial Partners Group LLC increased its holdings in Oracle by 13.3% in the 2nd quarter. Financial Partners Group LLC now owns 2,235 shares of the enterprise software provider’s stock worth $316,000 after acquiring an additional 262 shares in the last quarter. Occidental Asset Management LLC raised its position in Oracle by 11.0% during the second quarter. Occidental Asset Management LLC now owns 5,199 shares of the enterprise software provider’s stock worth $734,000 after acquiring an additional 517 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Oracle by 2.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 20,176 shares of the enterprise software provider’s stock valued at $2,849,000 after purchasing an additional 396 shares in the last quarter. Finally, Chatham Capital Group Inc. grew its position in shares of Oracle by 4.8% in the second quarter. Chatham Capital Group Inc. now owns 34,287 shares of the enterprise software provider’s stock valued at $4,841,000 after purchasing an additional 1,578 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 2.9 %

The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50 day moving average price is $179.36 and its 200 day moving average price is $153.99. The firm has a market cap of $531.18 billion, a PE ratio of 49.40, a PEG ratio of 3.43 and a beta of 1.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate 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%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. On average, equities research analysts expect that Oracle Co. 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. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.