Oracle (NYSE:ORCL) Price Target Raised to $165.00

Oracle (NYSE:ORCLFree Report) had its target price increased by Deutsche Bank Aktiengesellschaft from $150.00 to $165.00 in a research note published on Monday, Benzinga reports. The firm currently has a buy rating on the enterprise software provider’s stock.

Several other analysts have also issued reports on the company. Citigroup cut their price objective on Oracle from $133.00 to $128.00 and set a neutral rating for the company in a report on Monday, June 10th. Stifel Nicolaus increased their price objective on Oracle from $120.00 to $135.00 and gave the stock a hold rating in a report on Wednesday, June 12th. Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They set a market perform rating for the company. Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the stock a buy rating in a report on Monday. Finally, HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a buy rating in a report on Wednesday, March 13th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of Moderate Buy and an average price target of $144.79.

Get Our Latest Stock Analysis on ORCL

Oracle Stock Up 2.4 %

Shares of Oracle stock opened at $144.64 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25. The business’s 50 day simple moving average is $122.26 and its 200-day simple moving average is $116.69. The stock has a market capitalization of $397.54 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.53 and a beta of 1.01. Oracle has a twelve month low of $99.26 and a twelve month high of $145.06.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.35 earnings per share. Equities research analysts forecast that Oracle will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 over the last three months. 42.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Capital Management LLC purchased a new position in Oracle in the third quarter valued at about $25,000. Westend Capital Management LLC purchased a new position in Oracle in the first quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new position in Oracle in the third quarter valued at about $27,000. Tidemark LLC purchased a new position in Oracle in the fourth quarter valued at about $29,000. Finally, Nordwand Advisors LLC purchased a new position in Oracle in the fourth quarter valued at about $30,000. 42.44% of the stock is owned by institutional investors.

About Oracle

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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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Analyst Recommendations for Oracle (NYSE:ORCL)

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