Oracle (NYSE:ORCL) Given New $135.00 Price Target at Stifel Nicolaus

Oracle (NYSE:ORCL) had its price objective upped by Stifel Nicolaus from $120.00 to $135.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the enterprise software provider’s stock.

Several other equities research analysts also recently commented on ORCL. The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. KeyCorp upped their price target on shares of Oracle from $150.00 to $165.00 and gave the company an overweight rating in a report on Wednesday. Morgan Stanley upped their price target on shares of Oracle from $115.00 to $125.00 and gave the company an equal weight rating in a report on Wednesday. William Blair upgraded shares of Oracle from a market perform rating to an outperform rating in a report on Tuesday, March 12th. Finally, Piper Sandler increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock an overweight rating in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $141.50.

Oracle Stock Down 1.2 %

Shares of NYSE:ORCL opened at $138.13 on Wednesday. Oracle has a 52 week low of $99.26 and a 52 week high of $142.40. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71. The company has a market capitalization of $379.65 billion, a PE ratio of 37.23, a PEG ratio of 2.50 and a beta of 1.01. The company has a 50 day moving average price of $121.04 and a two-hundred day moving average price of $116.13.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the company posted $1.35 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that Oracle will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. Oracle’s payout ratio is currently 43.13%.

Insider Activity

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

Institutional Investors Weigh In On Oracle

Hedge funds have recently added to or reduced their stakes in the business. SRN Advisors LLC raised its holdings in Oracle by 14.9% during the 1st quarter. SRN Advisors LLC now owns 12,156 shares of the enterprise software provider’s stock worth $1,527,000 after purchasing an additional 1,572 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its stake in shares of Oracle by 5.1% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,478 shares of the enterprise software provider’s stock valued at $311,000 after acquiring an additional 121 shares in the last quarter. Cypress Asset Management Inc. TX bought a new stake in shares of Oracle in the 1st quarter valued at $167,000. EverSource Wealth Advisors LLC increased its stake in shares of Oracle by 4.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 12,430 shares of the enterprise software provider’s stock valued at $1,561,000 after acquiring an additional 506 shares in the last quarter. Finally, Objective Capital Management LLC bought a new stake in Oracle during the 1st quarter valued at $248,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.