Oracle (NYSE:ORCL) Coverage Initiated by Analysts at Oppenheimer

Stock analysts at Oppenheimer started coverage on shares of Oracle (NYSE:ORCL) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a “market perform” rating on the enterprise software provider’s stock.

Several other research firms have also recently weighed in on ORCL. Erste Group Bank restated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Trading Down 1.0 %

Shares of ORCL stock opened at $114.89 on Thursday. Oracle has a 12-month low of $93.29 and a 12-month high of $132.77. The company has a market capitalization of $315.78 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.24 and a beta of 1.01. The firm has a 50-day moving average price of $119.23 and a 200 day moving average price of $112.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Oracle will post 4.44 earnings per share for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 42.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Westend Capital Management LLC bought a new position in Oracle in the first quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in Oracle in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the third quarter worth $27,000. Finally, Tidemark LLC bought a new stake in shares of Oracle in the fourth quarter worth $29,000. Institutional investors own 42.44% of the company’s stock.

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.