Oracle (NYSE:ORCL) PT Raised to $205.00

Oracle (NYSE:ORCL) had its price target hoisted by equities research analysts at JMP Securities from $175.00 to $205.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the enterprise software provider’s stock. JMP Securities’ price target would indicate a potential upside of 17.35% from the stock’s previous close.

A number of other research analysts also recently commented on ORCL. JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Stifel Nicolaus boosted their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, September 16th. Mizuho boosted their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler boosted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $168.67.

Oracle Trading Down 0.6 %

Shares of Oracle stock opened at $174.69 on Friday. The firm has a 50-day moving average of $156.29 and a 200-day moving average of $138.59. The stock has a market cap of $484.08 billion, a PE ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01. Oracle has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. As a group, sell-side analysts forecast that Oracle will post 5 EPS for the current year.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oracle

Institutional investors and hedge funds have recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth approximately $27,000. Westend Capital Management LLC purchased a new stake in Oracle in the 1st quarter valued at $25,000. POM Investment Strategies LLC purchased a new stake in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter valued at $35,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the 2nd quarter valued at $40,000. 42.44% of the stock is currently owned by institutional investors.

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.