DA Davidson Issues Pessimistic Forecast for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its price target cut by analysts at DA Davidson from $150.00 to $140.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the enterprise software provider’s stock. DA Davidson’s price objective points to a potential upside of 4.61% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. BMO Capital Markets decreased their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Evercore ISI lowered their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Bank of America cut their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $177.12.

Oracle Stock Performance

NYSE:ORCL opened at $133.83 on Monday. The company has a market cap of $374.33 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.46 and a beta of 1.22. Oracle has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average price of $153.73 and a 200-day moving average price of $167.15.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. As a group, equities analysts anticipate that Oracle will post 5 EPS for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,453,328 shares of company stock valued at $454,439,851 in the last three months. Corporate insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds have recently added to or reduced their stakes in ORCL. R Squared Ltd bought a new stake in Oracle during the fourth quarter worth $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter worth $30,000. Winch Advisory Services LLC grew its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Finally, Synergy Investment Management LLC bought a new position in shares of Oracle during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.