Oracle (NYSE:ORCL) Earns Neutral Rating from DA Davidson

Oracle (NYSE:ORCL)‘s stock had its “neutral” rating reiterated by DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $150.00 price objective on the enterprise software provider’s stock. DA Davidson’s price objective suggests a potential upside of 5.18% from the company’s previous close.

ORCL has been the topic of several other reports. Morgan Stanley dropped their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus dropped their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.92.

Oracle Stock Down 4.2 %

NYSE ORCL traded down $6.18 during trading hours on Tuesday, hitting $142.61. 14,689,630 shares of the company were exchanged, compared to its average volume of 11,878,247. The company has a 50 day moving average of $167.27 and a two-hundred day moving average of $169.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $398.89 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 3.46 and a beta of 1.07. Oracle has a 52-week low of $112.78 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Oracle will post 5 earnings per share for the current year.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

Large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in Oracle in the 4th quarter worth approximately $25,000. Sunbeam Capital Management LLC bought a new position in Oracle during the fourth quarter valued at about $30,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $33,000. Finally, Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds 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.