Oracle (ORCL) Price Target Increased to $56.00 by Analysts at Mitsubishi UFJ Financial Group

Oracle (NYSE:ORCL) had its price target raised by stock analysts at Mitsubishi UFJ Financial Group from $55.00 to $56.00 in a report issued on Friday, The Fly reports. The firm currently has an “overweight” rating on the enterprise software provider’s stock. Mitsubishi UFJ Financial Group’s price target indicates a potential upside of 5.56% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada lifted their price objective on Oracle to $55.00 in a report on Tuesday, December 18th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Oracle in a report on Monday, December 17th. Nomura set a $53.00 price objective on Oracle and gave the company a “buy” rating in a report on Wednesday, December 12th. Standpoint Research raised Oracle from a “hold” rating to a “buy” rating and set a $42.69 target price on the stock in a report on Wednesday, December 26th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $57.00 target price on shares of Oracle in a report on Tuesday, December 18th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.55.

NYSE ORCL opened at $53.05 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80. The company has a market cap of $218.57 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle has a 1-year low of $42.40 and a 1-year high of $53.47.



Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. On average, sell-side analysts predict that Oracle will post 3.07 EPS for the current year.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,298,320.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dorian Daley sold 6,302 shares of the company’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $43.24, for a total transaction of $272,498.48. Following the completion of the sale, the executive vice president now owns 77,919 shares of the company’s stock, valued at approximately $3,369,217.56. The disclosure for this sale can be found here. Insiders have sold a total of 42,552 shares of company stock valued at $1,945,486 in the last quarter. Corporate insiders own 32.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Landmark Financial Advisors LLC increased its stake in Oracle by 2.1% in the fourth quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock valued at $434,000 after acquiring an additional 200 shares during the last quarter. Moloney Securities Asset Management LLC boosted its stake in Oracle by 4.7% in the fourth quarter. Moloney Securities Asset Management LLC now owns 5,007 shares of the enterprise software provider’s stock valued at $226,000 after acquiring an additional 223 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Oracle by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 34,344 shares of the enterprise software provider’s stock valued at $1,528,000 after acquiring an additional 230 shares during the last quarter. Patten Group Inc. boosted its stake in Oracle by 17.1% in the fourth quarter. Patten Group Inc. now owns 1,591 shares of the enterprise software provider’s stock valued at $72,000 after acquiring an additional 232 shares during the last quarter. Finally, Arrow Financial Corp boosted its stake in Oracle by 0.5% in the fourth quarter. Arrow Financial Corp now owns 51,262 shares of the enterprise software provider’s stock valued at $2,315,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 46.80% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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