Oracle (NYSE:ORCL) Price Target Raised to $205.00 at JMP Securities

Oracle (NYSE:ORCL) had its price target raised by JMP Securities from $175.00 to $205.00 in a report published on Friday, Benzinga reports. The brokerage currently has a market outperform rating on the enterprise software provider’s stock.

A number of other equities analysts have also weighed in on the company. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley raised their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Citigroup boosted their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Stifel Nicolaus raised their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, DA Davidson boosted their target price 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. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Stock Down 0.5 %

NYSE ORCL opened at $173.76 on Friday. Oracle has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a market capitalization of $478.86 billion, a P/E ratio of 46.84, a PEG ratio of 3.25 and a beta of 1.01. The company’s 50 day simple moving average is $157.11 and its 200 day simple moving average is $139.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. increased its position in Oracle by 15.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares during the period. Goelzer Investment Management Inc. grew its position in Oracle by 25.0% during the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after buying an additional 1,500 shares in the last quarter. Buckley Wealth Management LLC increased its stake in Oracle by 63.8% during the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after acquiring an additional 2,870 shares during the period. GAMMA Investing LLC raised its holdings in Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after acquiring an additional 7,982 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after acquiring an additional 8,790 shares during the period. 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.