Oracle (NYSE:ORCL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Oracle (NYSE:ORCL) from a hold rating to a buy rating in a research note released on Tuesday.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the company a neutral rating in a report on Wednesday, March 13th. Oppenheimer began coverage on Oracle in a research note on Thursday, April 18th. They issued a market perform rating for the company. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the company a buy rating in a research report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an overweight rating and a $150.00 target price for the company. Finally, Piper Sandler reduced their price target on shares of Oracle from $125.00 to $122.00 and set an overweight rating on the stock in a research report on Tuesday, January 2nd. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle has a consensus rating of Moderate Buy and an average price target of $130.76.

Oracle Stock Performance

Oracle stock opened at $115.07 on Tuesday. The company has a market cap of $316.27 billion, a PE ratio of 30.36, a PEG ratio of 2.30 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle has a 1 year low of $93.29 and a 1 year high of $132.77. The company’s 50-day moving average is $119.23 and its two-hundred day moving average is $113.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share 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 business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Oracle will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors and hedge funds have recently made changes to their positions in ORCL. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter valued at $25,000. Westend Capital Management LLC acquired a new stake in Oracle in the 1st quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Oracle by 298.4% during 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 during the period. Spartan Planning & Wealth Management acquired a new position in Oracle during the third quarter worth approximately $27,000. Finally, Tidemark LLC bought a new stake in Oracle in the fourth quarter valued at approximately $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.