Citigroup Cuts Oracle (NYSE:ORCL) Price Target to $160.00

Oracle (NYSE:ORCL) had its price objective dropped by research analysts at Citigroup from $194.00 to $160.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the enterprise software provider’s stock. Citigroup’s price target would suggest a potential upside of 5.28% from the company’s current price.

ORCL has been the topic of a number of other research reports. Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday. Evercore ISI lowered their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the stock a “sector perform” rating in a report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.85.

Oracle Stock Performance

ORCL traded up $7.80 on Wednesday, hitting $151.98. The company had a trading volume of 9,499,124 shares, compared to its average volume of 12,116,197. The stock has a market cap of $425.09 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $166.82 and its 200 day moving average price is $169.62. Oracle has a 1-year low of $112.78 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the firm posted $1.41 EPS. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts predict that Oracle will post 5 earnings per share for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Centaurus Financial Inc. boosted its holdings in Oracle by 13.2% in the 4th quarter. Centaurus Financial Inc. now owns 37,976 shares of the enterprise software provider’s stock valued at $6,328,000 after purchasing an additional 4,420 shares during the period. Campbell Deegan Wealth Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $233,000. Lighthouse Financial LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $573,000. Capstone Triton Financial Group LLC grew its position in Oracle by 8.5% during the fourth quarter. Capstone Triton Financial Group LLC now owns 9,878 shares of the enterprise software provider’s stock worth $1,646,000 after buying an additional 773 shares in the last quarter. Finally, Aegis Wealth Management LLC bought a new position in Oracle during the 4th quarter worth $276,000. 42.44% of the stock is 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.