Oracle (NYSE:ORCL) Given a $80.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a $80.00 price target on Oracle (NYSE:ORCLGet Rating) in a research report report published on Tuesday, Borsen Zeitung reports.

A number of other brokerages also recently issued reports on ORCL. Morgan Stanley upped their price objective on shares of Oracle from $88.00 to $90.00 and gave the stock an equal weight rating in a research report on Wednesday, July 20th. Stifel Nicolaus reduced their price objective on shares of Oracle from $83.00 to $72.00 in a research report on Tuesday, June 14th. Cowen reduced their price objective on shares of Oracle from $107.00 to $98.00 and set an outperform rating for the company in a research report on Thursday, June 9th. Credit Suisse Group set a $115.00 target price on shares of Oracle in a research note on Tuesday, June 14th. Finally, JPMorgan Chase & Co. set a $82.00 target price on shares of Oracle in a research note on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $89.77.

Oracle Price Performance

NYSE:ORCL opened at $73.83 on Tuesday. The firm has a 50-day moving average of $74.27 and a 200-day moving average of $75.01. The company has a market cap of $196.75 billion, a PE ratio of 30.76, a PEG ratio of 2.11 and a beta of 0.87. Oracle has a one year low of $63.76 and a one year high of $106.34.

Oracle (NYSE:ORCLGet Rating) last posted its earnings results on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The company had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, equities research analysts expect that Oracle will post 4.43 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Monday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 53.33%.

Insider Buying and Selling

In other news, insider Edward Screven sold 419,174 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the transaction, the insider now owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction on Friday, June 17th. The shares were sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $76,153,743.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 419,174 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,399,174 shares of company stock valued at $232,369,224. Company insiders own 43.40% of the company’s stock.

Hedge Funds Weigh In On Oracle

Several institutional investors and hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd purchased a new stake in shares of Oracle in the 4th quarter worth about $31,330,000. Rathbones Group PLC purchased a new stake in shares of Oracle in the 4th quarter worth about $376,000. Vicus Capital purchased a new stake in shares of Oracle in the 4th quarter worth about $304,000. Aviva PLC lifted its position in shares of Oracle by 0.9% in the 4th quarter. Aviva PLC now owns 536,810 shares of the enterprise software provider’s stock worth $46,815,000 after purchasing an additional 4,722 shares during the period. Finally, Krane Funds Advisors LLC lifted its position in shares of Oracle by 44.8% in the 4th quarter. Krane Funds Advisors LLC now owns 4,920 shares of the enterprise software provider’s stock worth $429,000 after purchasing an additional 1,523 shares during the period. Institutional investors own 41.92% of the company’s stock.

Oracle Company Profile

(Get Rating)

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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Analyst Recommendations for Oracle (NYSE:ORCL)

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