Jefferies Financial Group Has Lowered Expectations for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its price target dropped by investment analysts at Jefferies Financial Group from $220.00 to $190.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 33.75% from the company’s previous close.

A number of other research firms also recently commented on ORCL. Bank of America dropped their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Oracle in a research report on Wednesday, March 5th. Piper Sandler cut their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Evercore ISI lowered their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.65.

Oracle Stock Up 1.6 %

NYSE:ORCL opened at $142.05 on Monday. Oracle has a 1-year low of $112.78 and a 1-year high of $198.31. The firm has a market capitalization of $397.32 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s fifty day moving average price is $162.91 and its 200 day moving average price is $170.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Institutional Trading of Oracle

A number of institutional investors and hedge funds have recently modified their holdings of ORCL. Neville Rodie & Shaw Inc. boosted its position in shares of Oracle by 4.5% during the first quarter. Neville Rodie & Shaw Inc. now owns 181,122 shares of the enterprise software provider’s stock worth $25,323,000 after purchasing an additional 7,832 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Oracle by 11.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 17,006 shares of the enterprise software provider’s stock worth $2,378,000 after acquiring an additional 1,687 shares in the last quarter. Stonehearth Capital Management LLC raised its position in shares of Oracle by 65.4% during the first quarter. Stonehearth Capital Management LLC now owns 4,238 shares of the enterprise software provider’s stock worth $593,000 after purchasing an additional 1,675 shares during the period. Milestone Asset Management Group LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $473,000. Finally, Fire Capital Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $800,000. 42.44% of the stock is 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.