Westpark Capital Boosts Oracle (NYSE:ORCL) Price Target to $246.00

Oracle (NYSE:ORCL) had its price objective boosted by analysts at Westpark Capital from $195.00 to $246.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the enterprise software provider’s stock. Westpark Capital’s target price would indicate a potential upside of 14.13% from the company’s previous close.

Several other equities analysts also recently commented on the stock. DA Davidson dropped their price objective on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Thursday, June 5th. Finally, Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.32.

Oracle Price Performance

Shares of NYSE ORCL opened at $215.54 on Thursday. Oracle has a 1-year low of $118.86 and a 1-year high of $216.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $602.86 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The business’s 50 day moving average is $152.88 and its 200-day moving average is $160.62.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company earned $1.63 EPS. The company’s revenue was up 11.3% on a year-over-year basis. Equities research analysts predict that Oracle will post 5 earnings per share for the current year.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s 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 owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oracle

Several large investors have recently made changes to their positions in ORCL. McClarren Financial Advisors Inc. raised its stake in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after buying an additional 1,069 shares during the last quarter. Rockland Trust Co. lifted its holdings in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares in the last quarter. Cornerstone Advisory LLC boosted its position in shares of Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. bought a new position in shares of Oracle during the 4th quarter valued at about $211,000. Finally, AFT Forsyth & Company Inc. grew its holdings in Oracle by 32.7% during the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider’s stock valued at $1,123,000 after buying an additional 1,659 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other 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.