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

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

Several other research firms have also issued reports on ORCL. Morgan Stanley boosted their price target on shares of Oracle from $88.00 to $90.00 and gave the company an equal weight rating in a research report on Wednesday, July 20th. Evercore ISI upped their target price on shares of Oracle from $78.00 to $87.00 and gave the stock an in-line rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Oracle from $82.00 to $84.00 and gave the stock an overweight rating in a report on Tuesday. Cowen decreased their target price on shares of Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. Finally, BMO Capital Markets upped their target price on shares of Oracle from $86.00 to $90.00 and gave the stock a market perform rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $89.91.

Oracle Stock Down 1.3 %

NYSE ORCL opened at $76.04 on Tuesday. The company’s 50 day moving average is $75.21 and its 200-day moving average is $74.95. Oracle has a 12-month low of $63.76 and a 12-month high of $106.34. The firm has a market cap of $202.64 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last posted its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.04). Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.44 billion. During the same period last year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts expect that Oracle will post 4.43 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, October 11th. This represents a $1.28 annualized dividend and a yield of 1.68%. Oracle’s payout ratio is currently 53.33%.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction of $29,015,224.28. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. In other Oracle 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $76,153,743.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The disclosure for this sale can be found here. Insiders sold 3,399,174 shares of company stock valued at $232,369,224 in the last quarter. Company insiders own 43.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ORCL. Covestor Ltd bought a new position in Oracle in the 4th quarter worth $77,000. Nwam LLC raised its holdings in Oracle by 9.0% in the 4th quarter. Nwam LLC now owns 20,869 shares of the enterprise software provider’s stock worth $1,820,000 after purchasing an additional 1,719 shares in the last quarter. Linscomb & Williams Inc. raised its holdings in Oracle by 1.6% in the 4th quarter. Linscomb & Williams Inc. now owns 45,826 shares of the enterprise software provider’s stock worth $3,996,000 after purchasing an additional 724 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in Oracle by 12.7% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 147,245 shares of the enterprise software provider’s stock worth $12,841,000 after purchasing an additional 16,618 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Oracle by 18.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 12,927 shares of the enterprise software provider’s stock worth $1,128,000 after acquiring an additional 2,042 shares in the last quarter. 41.92% of the stock is currently owned by institutional investors.

About Oracle

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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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