Oracle (NYSE:ORCL) Rating Lowered to “Sell” at Monness Crespi & Hardt

Oracle (NYSE:ORCL) was downgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “sell” rating in a report issued on Friday, Marketbeat.com reports. They presently have a $130.00 target price on the enterprise software provider’s stock. Monness Crespi & Hardt’s price target suggests a potential downside of 23.38% from the stock’s previous close.

A number of other brokerages have also weighed in on ORCL. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Up 0.5 %

NYSE ORCL opened at $169.66 on Friday. The business has a fifty day moving average price of $179.83 and a two-hundred day moving average price of $157.66. The stock has a market capitalization of $474.53 billion, a PE ratio of 41.48, a PEG ratio of 3.39 and a beta of 1.03. Oracle has a fifty-two week low of $101.74 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. Equities analysts expect that Oracle will post 5.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oracle

Institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Solutions Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at about $217,000. SMART Wealth LLC acquired a new stake in Oracle in the third quarter valued at approximately $786,000. Lord Abbett & CO. LLC increased its holdings in shares of Oracle by 84.5% during the third quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after acquiring an additional 395,613 shares in the last quarter. Legacy Wealth Management LLC MS raised its position in shares of Oracle by 125.7% during the third quarter. Legacy Wealth Management LLC MS now owns 3,879 shares of the enterprise software provider’s stock worth $661,000 after purchasing an additional 2,160 shares during the period. Finally, DGS Capital Management LLC lifted its holdings in shares of Oracle by 6.6% in the 3rd quarter. DGS Capital Management LLC now owns 6,486 shares of the enterprise software provider’s stock worth $1,105,000 after purchasing an additional 399 shares in 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.