Oracle (NYSE:ORCL) Given New $147.00 Price Target at Barclays

Oracle (NYSE:ORCL) had its target price cut by Barclays from $150.00 to $147.00 in a research note released on Tuesday morning, MarketBeat.com reports. They currently have an overweight rating on the enterprise software provider’s stock.

A number of other research firms also recently issued reports on ORCL. Bank of America upped their target price on shares of Oracle from $112.00 to $132.00 in a research report on Tuesday, June 13th. Stifel Nicolaus upped their price target on Oracle from $84.00 to $120.00 in a research note on Tuesday, June 13th. Citigroup increased their target price on Oracle from $121.00 to $138.00 and gave the stock a neutral rating in a research note on Monday. StockNews.com initiated coverage on shares of Oracle in a research note on Thursday, August 17th. They set a hold rating for the company. Finally, UBS Group raised shares of Oracle from a neutral rating to a buy rating and raised their price target for the stock from $120.00 to $140.00 in a research note on Tuesday, August 29th. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of Moderate Buy and an average target price of $122.48.

Oracle Stock Down 13.5 %

Shares of NYSE:ORCL opened at $109.61 on Tuesday. Oracle has a 52 week low of $60.78 and a 52 week high of $127.54. The company has a debt-to-equity ratio of 55.54, a quick ratio of 0.91 and a current ratio of 0.91. The company’s fifty day moving average is $117.41 and its 200-day moving average is $105.85. The company has a market capitalization of $297.51 billion, a PE ratio of 35.82, a P/E/G ratio of 3.48 and a beta of 1.00.

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

Oracle Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.46%. Oracle’s payout ratio is currently 52.29%.

Insider Buying and Selling

In other Oracle news, Director Jeffrey Berg sold 4,866 shares of Oracle stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $125.31, for a total value of $609,758.46. Following the transaction, the director now owns 207,409 shares in the company, valued at $25,990,421.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Maria Smith sold 3,680 shares of Oracle stock in a transaction that occurred 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 directly owns 16,600 shares of the company’s stock, valued at $1,909,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Berg sold 4,866 shares of Oracle stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $125.31, for a total value of $609,758.46. Following the completion of the transaction, the director now directly owns 207,409 shares in the company, valued at $25,990,421.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,175,443 shares of company stock worth $510,658,596. Company insiders own 43.70% of the company’s stock.

Hedge Funds Weigh In On Oracle

Institutional investors have recently added to or reduced their stakes in the business. Fairfield Bush & CO. increased its holdings in shares of Oracle by 3.1% during the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after acquiring an additional 2,221 shares in the last quarter. AMI Investment Management Inc. lifted its position in shares of Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after buying an additional 579 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Oracle by 29.2% during the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares in the last quarter. 42.44% of the stock is 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.