Oracle (NYSE:ORCL) Given a $175.00 Price Target by Morgan Stanley Analysts

Oracle (NYSE:ORCL) has been assigned a $175.00 price objective by stock analysts at Morgan Stanley in a research note issued on Monday, Marketbeat Ratings reports. The brokerage currently has an “equal weight” rating on the enterprise software provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 1.47% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. BMO Capital Markets boosted their target price on shares of Oracle from $175.00 to $200.00 and gave the stock a “market perform” rating in a research report on Monday. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Evercore ISI decreased their price objective 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. Finally, UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.78.

Oracle Stock Up 0.3%

ORCL stock opened at $177.61 on Monday. The company has a 50 day moving average of $148.64 and a two-hundred day moving average of $160.25. The company has a market cap of $496.77 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 3.46 and a beta of 1.32. Oracle has a 12-month low of $118.86 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business posted $1.41 EPS. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

Several large investors have recently added to or reduced their stakes in the company. Capital & Planning LLC raised its position in Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after purchasing an additional 81 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after buying an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Oracle in the fourth quarter valued at about $51,084,000. Revolve Wealth Partners LLC lifted its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after buying an additional 404 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Oracle during the 4th quarter worth about $2,304,000. 42.44% of the stock is owned by institutional investors.

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.