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

Oracle (NYSE:ORCL) had its price target lifted by research analysts at Jefferies Financial Group from $170.00 to $190.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 9.92% from the company’s current price.

ORCL has been the subject of a number of other reports. BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Morgan Stanley increased their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. DA Davidson increased their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.88.

Oracle Stock Performance

Shares of NYSE ORCL traded up $10.83 during trading hours on Monday, hitting $172.86. 15,885,301 shares of the stock were exchanged, compared to its average volume of 8,505,382. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50 day moving average is $139.85 and its 200 day moving average is $130.16. The firm has a market capitalization of $476.38 billion, a P/E ratio of 46.49, a P/E/G ratio of 2.89 and a beta of 1.01. Oracle has a one year low of $99.26 and a one year high of $173.99.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm earned $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Oracle will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,862,500 shares of company stock worth $266,776,624. Company insiders own 42.80% of the company’s stock.

Hedge Funds Weigh In On Oracle

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors boosted its position in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after acquiring an additional 82,551 shares during the period. Parnassus Investments LLC boosted its position in shares of Oracle by 17.7% in the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after acquiring an additional 2,191,342 shares during the period. Legal & General Group Plc boosted its position in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after acquiring an additional 296,866 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. 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.