Oracle (NYSE:ORCL) Stock Price Expected to Rise, Citigroup Analyst Says

Oracle (NYSE:ORCL) had its price target hoisted by Citigroup from $157.00 to $194.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the enterprise software provider’s stock. Citigroup’s price objective points to a potential upside of 10.52% from the company’s current price.

Several other brokerages also recently issued reports on ORCL. Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Price Performance

NYSE ORCL traded down $14.91 on Tuesday, hitting $175.54. 18,178,557 shares of the company’s stock were exchanged, compared to its average volume of 8,346,048. The stock has a 50-day moving average of $179.76 and a 200-day moving average of $154.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle has a 52 week low of $99.26 and a 52 week high of $198.31. The stock has a market cap of $486.43 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. Analysts expect that Oracle will post 5.06 earnings per share for the current year.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction 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 insiders.

Institutional Trading of Oracle

Several hedge funds have recently added to or reduced their stakes in ORCL. Great Valley Advisor Group Inc. lifted its stake in Oracle by 11.7% in the second quarter. Great Valley Advisor Group Inc. now owns 16,013 shares of the enterprise software provider’s stock worth $2,261,000 after purchasing an additional 1,678 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Oracle by 624.0% during the second quarter. ORG Partners LLC now owns 6,719 shares of the enterprise software provider’s stock worth $961,000 after purchasing an additional 5,791 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Oracle by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 139,571 shares of the enterprise software provider’s stock worth $19,707,000 after purchasing an additional 13,412 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Oracle by 2.8% during the second quarter. Cornerstone Wealth Management LLC now owns 3,952 shares of the enterprise software provider’s stock worth $558,000 after purchasing an additional 108 shares during the period. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Oracle during the second quarter worth about $235,000. 42.44% of the stock is owned by institutional investors.

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.