Oracle Co. (NYSE:ORCL) Receives $181.48 Consensus Target Price from Brokerages

Oracle Co. (NYSE:ORCL) has been given an average rating of “Moderate Buy” by the twenty-nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $181.48.

Several brokerages have issued reports on ORCL. Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Piper Sandler lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, KeyCorp lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th.

Oracle Price Performance

Oracle stock opened at $166.64 on Friday. The stock has a market cap of $466.08 billion, a price-to-earnings ratio of 40.74, a PEG ratio of 3.39 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50-day simple moving average of $179.06 and a 200 day simple moving average of $159.81. Oracle has a 52 week low of $101.74 and a 52 week high of $198.31.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Institutional Investors Weigh In On Oracle

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. raised its position 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 worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. State Street Corp boosted its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Altshuler Shaham Ltd grew its position in Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

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.