Oracle (NYSE:ORCL) Price Target Raised to $360.00 at Jefferies Financial Group

Oracle (NYSE:ORCL) had its target price lifted by stock analysts at Jefferies Financial Group from $270.00 to $360.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 48.96% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Scotiabank began coverage on shares of Oracle in a report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 price target on the stock. KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. CIBC reiterated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Bank of America increased their price target on shares of Oracle from $220.00 to $295.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $245.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.14.

Oracle Trading Up 1.3%

ORCL stock opened at $241.67 on Wednesday. The company has a market capitalization of $678.81 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46. Oracle has a one year low of $118.86 and a one year high of $260.87. The company’s 50 day moving average price is $240.23 and its two-hundred day moving average price is $187.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm posted $1.63 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, analysts predict that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 in the last three months. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NWF Advisory Services Inc. grew its holdings in shares of Oracle by 6.3% in the second quarter. NWF Advisory Services Inc. now owns 2,596 shares of the enterprise software provider’s stock worth $568,000 after purchasing an additional 153 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its holdings in Oracle by 2.1% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 21,467 shares of the enterprise software provider’s stock worth $4,693,000 after acquiring an additional 436 shares in the last quarter. American Trust bought a new position in Oracle during the 2nd quarter worth about $319,000. PVG Asset Management Corp bought a new stake in shares of Oracle in the 2nd quarter valued at about $203,000. Finally, Total Investment Management Inc. bought a new stake in shares of Oracle in the 2nd quarter valued at about $71,000. 42.44% of the stock is currently 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.