Westpark Capital Initiates Coverage on Oracle (NYSE:ORCL)

Equities research analysts at Westpark Capital initiated coverage on shares of Oracle (NYSE:ORCL) in a report released on Tuesday,Benzinga reports. The firm set a “buy” rating and a $195.00 price target on the enterprise software provider’s stock. Westpark Capital’s price objective indicates a potential upside of 39.22% from the stock’s current price.

Several other research analysts also recently weighed in on ORCL. Cantor Fitzgerald cut their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Trading Down 0.6 %

Shares of ORCL stock opened at $140.07 on Tuesday. Oracle has a 1-year low of $112.78 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $163.52 and its 200 day moving average price is $170.16. The firm has a market capitalization of $391.77 billion, a PE ratio of 34.25, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Milestone Asset Management Group LLC bought a new position in Oracle during the 4th quarter valued at $473,000. Fire Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $800,000. Wellington Management Group LLP lifted its position in shares of Oracle by 200.4% during the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider’s stock worth $28,743,000 after purchasing an additional 115,059 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in Oracle in the fourth quarter worth about $77,000. Finally, DSG Capital Advisors LLC bought a new stake in Oracle in the fourth quarter valued at about $2,526,000. 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.