Oracle (NYSE:ORCL) PT Raised to $165.00

Oracle (NYSE:ORCL) had its target price raised by KeyCorp from $150.00 to $165.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the enterprise software provider’s stock.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a neutral rating in a research note on Wednesday, March 13th. TD Cowen raised their price objective on Oracle from $145.00 to $165.00 and gave the stock a buy rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Oracle from $105.00 to $110.00 and gave the company a neutral rating in a research note on Wednesday. Citigroup decreased their price target on Oracle from $133.00 to $128.00 and set a neutral rating on the stock in a research note on Monday, June 10th. Finally, Argus upgraded Oracle from a hold rating to a buy rating in a report on Thursday, March 14th. Fourteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $141.50.

Oracle Stock Down 1.3 %

Shares of NYSE:ORCL opened at $138.08 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a market capitalization of $379.51 billion, a P/E ratio of 37.22, a P/E/G ratio of 2.93 and a beta of 1.01. Oracle has a 52-week low of $99.26 and a 52-week high of $142.40. The stock’s fifty day simple moving average is $121.04 and its 200-day simple moving average is $116.13.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $14.57 billion. During the same quarter last year, the company posted $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Oracle will post 4.98 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock valued at $110,488,150 in the last ninety days. Insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Contour Asset Management LLC increased its stake in Oracle by 41.5% during the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the last quarter. Sandy Spring Bank grew its position in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after buying an additional 1,107 shares during the last quarter. Hancock Whitney Corp raised its stake in Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after acquiring an additional 3,291 shares during the period. LVM Capital Management Ltd. MI lifted its holdings in Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after acquiring an additional 200 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its stake in Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after acquiring an additional 109 shares during the period. Institutional investors own 42.44% of the company’s stock.

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.