Oracle (NYSE:ORCL) Price Target Raised to $190.00

Oracle (NYSE:ORCL) had its target price hoisted by investment analysts at Jefferies Financial Group from $170.00 to $190.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the enterprise software provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 9.92% from the stock’s previous close.

Several other research firms also recently issued reports on ORCL. Piper Sandler lifted their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Argus boosted their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

Oracle Stock Up 6.7 %

Shares of NYSE:ORCL traded up $10.83 during midday trading on Monday, hitting $172.86. 15,885,301 shares of the company’s stock traded hands, compared to its average volume of 8,505,382. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $476.38 billion, a PE ratio of 46.49, a P/E/G ratio of 2.89 and a beta of 1.01. The firm’s fifty day moving average price is $139.85 and its two-hundred day moving average price is $130.16. Oracle has a twelve month low of $99.26 and a twelve month high of $173.99.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. On average, equities research analysts anticipate that Oracle will post 5.03 EPS for the current fiscal year.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last three months, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Company insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new position in Oracle in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in Oracle in the second quarter worth approximately $27,000. Tidemark LLC bought a new stake in Oracle in the fourth quarter worth approximately $29,000. Frank Rimerman Advisors LLC bought a new stake in Oracle in the fourth quarter worth approximately $30,000. Finally, POM Investment Strategies LLC bought a new stake in Oracle in the second quarter worth approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.