Oracle (NYSE:ORCL) Stock Rating Lowered by Monness Crespi & Hardt

Oracle (NYSE:ORCL) was downgraded by investment analysts at Monness Crespi & Hardt from a “neutral” rating to a “sell” rating in a note issued to investors on Friday, MarketBeat reports. They presently have a $130.00 price objective on the enterprise software provider’s stock. Monness Crespi & Hardt’s price objective would suggest a potential downside of 23.38% from the company’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday, September 16th. Finally, Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Price Performance

NYSE ORCL opened at $169.66 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market cap of $474.53 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.39 and a beta of 1.03. The business has a 50 day simple moving average of $179.83 and a 200 day simple moving average of $157.66. Oracle has a 52-week low of $101.74 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. Analysts anticipate that Oracle will post 5.03 earnings per share for the current fiscal year.

Institutional Trading of Oracle

Several institutional investors have recently added to or reduced their stakes in ORCL. Independent Solutions Wealth Management LLC bought a new stake in shares of Oracle in the third quarter valued at about $217,000. SMART Wealth LLC acquired a new stake in Oracle in the 3rd quarter worth about $786,000. Lord Abbett & CO. LLC boosted its holdings in Oracle by 84.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after purchasing an additional 395,613 shares during the period. Legacy Wealth Management LLC MS grew its position in shares of Oracle by 125.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 3,879 shares of the enterprise software provider’s stock worth $661,000 after purchasing an additional 2,160 shares in the last quarter. Finally, DGS Capital Management LLC increased its holdings in shares of Oracle by 6.6% during the third quarter. DGS Capital Management LLC now owns 6,486 shares of the enterprise software provider’s stock worth $1,105,000 after purchasing an additional 399 shares during the period. 42.44% of the stock is currently owned by institutional investors.

About Oracle

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.