KeyCorp Raises Oracle (NYSE:ORCL) Price Target to $200.00

Oracle (NYSE:ORCL) had its price objective lifted by KeyCorp from $190.00 to $200.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the enterprise software provider’s stock. KeyCorp’s price target would suggest a potential upside of 8.85% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Mizuho upped their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Price Performance

Shares of NYSE ORCL opened at $183.74 on Friday. 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 firm has a market cap of $509.15 billion, a PE ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. Oracle has a one year low of $99.26 and a one year high of $191.77. The firm has a fifty day moving average of $172.14 and a 200 day moving average of $146.83.

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

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle during the second quarter worth approximately $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.