Oracle (NYSE:ORCL) Given New $175.00 Price Target at Cantor Fitzgerald

Oracle (NYSE:ORCL) had its price target reduced by Cantor Fitzgerald from $214.00 to $175.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the enterprise software provider’s stock. Cantor Fitzgerald also issued estimates for Oracle’s FY2025 earnings at $4.74 EPS.

Several other brokerages have also recently issued reports on ORCL. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lowered their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.71.

Oracle Trading Down 2.3 %

NYSE ORCL opened at $147.41 on Tuesday. The stock has a market cap of $412.30 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The stock has a 50 day simple moving average of $166.14 and a two-hundred day simple moving average of $169.34. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.36%. Oracle’s payout ratio is currently 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

A number of large investors have recently made changes to their positions in ORCL. R Squared Ltd bought a new stake in Oracle during the fourth quarter valued at approximately $25,000. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $30,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC bought a new position in Oracle in the 4th quarter worth $33,000. Finally, Synergy Investment Management LLC purchased a new position in Oracle during the fourth quarter valued at $34,000. 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.