Oracle (NYSE:ORCL – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Guggenheim in a report issued on Thursday,Benzinga reports. They presently have a $220.00 price objective on the enterprise software provider’s stock. Guggenheim’s price target indicates a potential upside of 58.70% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Piper Sandler lowered their price objective on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Westpark Capital began coverage on Oracle in a research note on Tuesday. They set a “buy” rating and a $195.00 price objective on the stock. Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Citigroup cut their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Finally, BMO Capital Markets lowered their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.65.
View Our Latest Research Report on Oracle
Oracle Price Performance
NYSE:ORCL traded down $7.24 on Thursday, reaching $138.62. 3,086,289 shares of the company’s stock traded hands, compared to its average volume of 9,016,576. The stock has a 50-day simple moving average of $162.14 and a 200-day simple moving average of $169.85. Oracle has a 12 month low of $112.78 and a 12 month high of $198.31. The firm has a market cap of $387.72 billion, a PE ratio of 33.91, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.
Oracle (NYSE:ORCL – Get Free Report) last posted 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 firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. Equities research analysts forecast that Oracle will post 5 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.
Institutional Trading of Oracle
Several large investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Oracle during the fourth quarter valued at $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter worth approximately $30,000. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the fourth 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 purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $33,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $34,000. 42.44% of the stock is owned by hedge funds and other 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.
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