Oracle (NYSE:ORCL) Given New $342.00 Price Target at JMP Securities

Oracle (NYSE:ORCL) had its target price hoisted by stock analysts at JMP Securities from $315.00 to $342.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the enterprise software provider’s stock. JMP Securities’ target price points to a potential upside of 41.52% from the company’s current price.

ORCL has been the subject of a number of other research reports. Cowen reissued a “buy” rating on shares of Oracle in a report on Thursday, June 12th. JPMorgan Chase & Co. raised their target price on Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Monday. Jefferies Financial Group raised their target price on Oracle from $270.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday. Roth Capital reissued a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Evercore ISI raised their target price on Oracle from $270.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $268.52.

Oracle Stock Performance

NYSE:ORCL opened at $241.67 on Wednesday. The firm’s fifty day moving average price is $240.23 and its 200 day moving average price is $187.60. Oracle has a 1-year low of $118.86 and a 1-year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $678.81 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Oracle will post 5 EPS for the current year.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock worth $86,521,198 in the last ninety days. Company insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ORCL. Vanguard Group Inc. grew its holdings in Oracle by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after buying an additional 3,353,461 shares during the period. State Street Corp grew its holdings in Oracle by 1.7% in the 2nd quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock valued at $16,060,427,000 after buying an additional 1,252,723 shares during the period. Northern Trust Corp grew its holdings in Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after buying an additional 120,889 shares during the period. Norges Bank purchased a new stake in shares of Oracle during the 2nd quarter worth about $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Oracle by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after purchasing an additional 59,164 shares during the period. Institutional investors and hedge funds 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.