Oracle (NYSE:ORCL) Given New $135.00 Price Target at UBS Group

Oracle (NYSE:ORCL) had its price objective reduced by UBS Group from $140.00 to $135.00 in a research report released on Tuesday morning, MarketBeat reports. They currently have a buy rating on the enterprise software provider’s stock.

ORCL has been the subject of a number of other reports. Evercore ISI upped their price objective on shares of Oracle from $95.00 to $110.00 in a research note on Monday, June 12th. Bank of America upped their price objective on shares of Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. Jefferies Financial Group upped their target price on Oracle from $135.00 to $145.00 and gave the company a buy rating in a report on Thursday, September 7th. KeyCorp upped their target price on Oracle from $105.00 to $120.00 in a report on Friday, June 9th. Finally, StockNews.com started coverage on Oracle in a report on Thursday, August 17th. They issued a hold rating on the stock. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of Moderate Buy and a consensus price target of $122.48.

Oracle Price Performance

Shares of NYSE ORCL opened at $109.61 on Tuesday. Oracle has a fifty-two week low of $60.78 and a fifty-two week high of $127.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 55.54. The stock has a market cap of $297.51 billion, a P/E ratio of 35.82, a P/E/G ratio of 3.48 and a beta of 1.00. The firm’s 50-day simple moving average is $117.41 and its 200 day simple moving average is $105.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Oracle had a net margin of 17.02% and a negative return on equity of 470.73%. The company had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the company earned $0.81 EPS. Oracle’s revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Oracle will post 4.5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.46%. Oracle’s dividend payout ratio (DPR) is currently 52.29%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 3,680 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the transaction, the executive vice president now directly owns 16,600 shares of the company’s stock, valued at $1,909,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at $10,394,416.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 3,680 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the transaction, the executive vice president now owns 16,600 shares of the company’s stock, valued at $1,909,000. The disclosure for this sale can be found here. Insiders sold a total of 4,175,443 shares of company stock valued at $510,658,596 over the last ninety days. 43.70% of the stock is owned by company insiders.

Institutional Trading of Oracle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marquette Asset Management LLC increased its stake in shares of Oracle by 445.5% in the second quarter. Marquette Asset Management LLC now owns 240 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 196 shares in the last quarter. NewSquare Capital LLC increased its position in Oracle by 843.3% in the first quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 253 shares during the period. Clear Investment Research LLC acquired a new stake in Oracle in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. increased its position in Oracle by 48.1% in the second quarter. SJS Investment Consulting Inc. now owns 308 shares of the enterprise software provider’s stock worth $37,000 after purchasing an additional 100 shares during the period. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Oracle in the first quarter worth about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.