Mizuho Increases Oracle (NYSE:ORCL) Price Target to $210.00

Oracle (NYSE:ORCL) had its target price hoisted by Mizuho from $185.00 to $210.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the enterprise software provider’s stock.

Other equities analysts have also recently issued research reports about the company. KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays lifted their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Price Performance

NYSE ORCL opened at $177.74 on Tuesday. The stock’s 50-day moving average price is $179.76 and its two-hundred day moving average price is $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. The company has a market cap of $492.53 billion, a PE ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03. Oracle has a 1 year low of $99.26 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. On average, analysts predict that Oracle will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.90%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter valued at $44,000. Quest Partners LLC acquired a new position in shares of Oracle in the second quarter valued at $40,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle in the third quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.