Oracle (NYSE:ORCL) Price Target Raised to $120.00

Oracle (NYSE:ORCL) had its price objective boosted by JPMorgan Chase & Co. from $110.00 to $120.00 in a research note published on Monday morning.

Other research analysts have also issued research reports about the company. UBS Group boosted their price target on Oracle from $150.00 to $160.00 and gave the stock a buy rating in a research report on Wednesday, June 12th. Sanford C. Bernstein boosted their price target on Oracle from $159.00 to $171.00 and gave the stock an outperform rating in a research report on Wednesday, June 12th. Mizuho boosted their price target on Oracle from $160.00 to $170.00 and gave the stock a buy rating in a research report on Monday, June 17th. JMP Securities reiterated a market perform rating on shares of Oracle in a research report on Tuesday, June 11th. Finally, Morgan Stanley reiterated an equal weight rating and set a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $158.68.

Oracle Trading Up 0.8 %

NYSE:ORCL opened at $157.13 on Monday. Oracle has a 12-month low of $99.26 and a 12-month high of $160.52. The firm has a market capitalization of $433.03 billion, a P/E ratio of 42.35, a P/E/G ratio of 2.56 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The business has a 50 day simple moving average of $139.16 and a 200 day simple moving average of $129.32.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that Oracle will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. Oracle’s payout ratio is presently 43.13%.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock valued at $266,776,624 in the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oracle

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the last quarter. Capital World Investors raised its holdings in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares in the last quarter. Parnassus Investments LLC lifted its stake in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

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.