Oracle (NYSE:ORCL) PT Raised to $202.00

Oracle (NYSE:ORCL) had its price target upped by Sanford C. Bernstein from $201.00 to $202.00 in a research note published on Monday morning, Benzinga reports. They currently have an outperform rating on the enterprise software provider’s stock.

A number of other equities research analysts have also issued reports on ORCL. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the stock a neutral rating in a research report on Tuesday, September 10th. JMP Securities raised Oracle from a market perform rating to an outperform rating and set a $175.00 target price on the stock in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on Oracle from $110.00 to $120.00 and gave the company a neutral rating in a report on Monday, September 9th. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the company a buy rating in a report on Friday, September 13th. Finally, KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the company an overweight rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $167.42.

Oracle Stock Up 0.3 %

ORCL opened at $167.73 on Monday. Oracle has a one year low of $99.26 and a one year high of $173.99. 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 stock’s fifty day moving average is $146.63 and its 200-day moving average is $134.63. The company has a market capitalization of $464.79 billion, a PE ratio of 45.21, a P/E/G ratio of 3.10 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. On average, equities analysts predict that Oracle will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors 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 yield of 0.95%. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Insiders sold a total of 1,573,181 shares of company stock worth $225,338,245 in the last 90 days. 42.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oracle

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Werlinich Asset Management LLC lifted its position in shares of Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after buying an additional 70 shares during the period. RFP Financial Group LLC lifted its position in shares of Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after buying an additional 75 shares during the period. Invst LLC lifted its position in shares of Oracle by 2.4% during the 2nd quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock worth $482,000 after buying an additional 79 shares during the period. ERn Financial LLC lifted its position in shares of Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after buying an additional 80 shares during the period. Finally, Key Financial Inc increased its holdings in Oracle by 1.2% during the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

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.