Brokerages Set Oracle Co. (NYSE:ORCL) Price Target at $145.83

Shares of Oracle Co. (NYSE:ORCL) have been given an average recommendation of “Moderate Buy” by the thirty analysts that are presently covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $145.83.

A number of analysts have recently commented on ORCL shares. DA Davidson restated a “neutral” rating and issued a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. BMO Capital Markets upped their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. Sanford C. Bernstein upped their target price on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. TD Cowen upped their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Westend Capital Management LLC purchased a new position in Oracle in the first quarter worth approximately $25,000. Tidemark LLC purchased a new position in Oracle in the fourth quarter worth approximately $29,000. Nordwand Advisors LLC purchased a new position in Oracle in the fourth quarter worth approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in Oracle in the fourth quarter worth approximately $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle in the second quarter worth approximately $30,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 1.7 %

Oracle stock opened at $125.98 on Thursday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The business’s 50-day simple moving average is $136.55 and its two-hundred day simple moving average is $124.78. The company has a market cap of $347.18 billion, a PE ratio of 33.96, a PEG ratio of 2.49 and a beta of 1.02. Oracle has a fifty-two week low of $99.26 and a fifty-two week high of $146.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share 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 for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Oracle will post 5.02 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. Oracle’s dividend payout ratio is presently 43.13%.

Oracle Company Profile

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.