Oracle (NYSE:ORCL) Price Target Cut to $75.00

Oracle (NYSE:ORCLGet Rating) had its price objective lowered by equities researchers at Jefferies Financial Group from $80.00 to $75.00 in a note issued to investors on Monday, The Fly reports. Jefferies Financial Group’s price objective points to a potential upside of 9.28% from the stock’s current price.

ORCL has been the topic of a number of other reports. Stifel Nicolaus decreased their target price on Oracle from $87.00 to $83.00 in a research note on Friday, March 11th. Cowen reduced their price objective on Oracle from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 9th. Wolfe Research reduced their price objective on Oracle from $105.00 to $83.00 in a research report on Friday, March 11th. BNP Paribas lowered Oracle from a “neutral” rating to an “underperform” rating and set a $79.00 price objective on the stock. in a research report on Tuesday, March 29th. Finally, Piper Sandler lowered Oracle from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $100.00 to $70.00 in a research report on Friday, March 11th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.70.

Shares of NYSE ORCL opened at $68.63 on Monday. Oracle has a one year low of $66.72 and a one year high of $106.34. The business’s fifty day moving average price is $77.54 and its 200-day moving average price is $83.27. The stock has a market capitalization of $183.12 billion, a PE ratio of 26.30, a P/E/G ratio of 2.09 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The enterprise software provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.06). The company had revenue of $10.51 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. As a group, research analysts forecast that Oracle will post 4.01 earnings per share for the current fiscal year.

In other Oracle news, Director Renee Jo James sold 6,000 shares of the company’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the sale, the director now owns 41,886 shares in the company, valued at $3,523,031.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 39.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. lifted its position in Oracle by 3.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 88,837 shares of the enterprise software provider’s stock valued at $7,748,000 after acquiring an additional 3,345 shares during the last quarter. Cetera Advisors LLC grew its position in Oracle by 14.6% during the third quarter. Cetera Advisors LLC now owns 31,914 shares of the enterprise software provider’s stock worth $2,781,000 after buying an additional 4,067 shares during the period. Stonnington Group LLC grew its position in Oracle by 608.5% during the fourth quarter. Stonnington Group LLC now owns 29,253 shares of the enterprise software provider’s stock worth $2,588,000 after buying an additional 25,124 shares during the period. Putnam Investments LLC grew its position in shares of Oracle by 0.7% in the third quarter. Putnam Investments LLC now owns 4,469,242 shares of the enterprise software provider’s stock valued at $389,405,000 after purchasing an additional 32,384 shares during the last quarter. Finally, Easterly Investment Partners LLC acquired a new stake in shares of Oracle in the third quarter valued at approximately $6,548,000. 42.33% of the stock is currently owned by institutional investors and hedge funds.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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