Oracle (NYSE:ORCL) Price Target Raised to $210.00

Oracle (NYSE:ORCL) had its price target raised by UBS Group from $200.00 to $210.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. UBS Group’s target price indicates a potential upside of 19.58% from the stock’s previous close.

Several other brokerages have also commented on ORCL. TD Cowen upped their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Bank of America increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.00.

Oracle Price Performance

Shares of ORCL traded down $14.84 during trading hours on Tuesday, hitting $175.61. 16,497,337 shares of the stock were exchanged, compared to its average volume of 8,336,560. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle has a 12-month low of $99.26 and a 12-month high of $198.31. The company has a market cap of $486.63 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. The stock’s 50-day moving average price is $179.76 and its two-hundred day moving average price is $154.67.

Oracle (NYSE:ORCL) last issued its 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 during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 earnings per share. Research analysts expect that Oracle will post 5.06 earnings per share for the current year.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in Oracle in the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. increased its holdings in Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after buying an additional 126,985 shares during the period. Finally, Miura Global Management LLC bought a new stake in Oracle in the 3rd quarter valued at $1,704,000. 42.44% of the stock is owned by hedge funds and other 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.