Oracle (NYSE:ORCL) Price Target Raised to $225.00

Oracle (NYSE:ORCL) had its target price raised by KeyCorp from $200.00 to $225.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the enterprise software provider’s stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Morgan Stanley restated a “positive” rating on shares of Oracle in a research report on Monday, June 9th. Finally, Stifel Nicolaus lowered their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $194.32.

Oracle Stock Performance

NYSE:ORCL opened at $215.54 on Thursday. The stock has a fifty day moving average price of $152.88 and a 200-day moving average price of $160.46. The company has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company earned $1.63 EPS. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is owned by corporate insiders.

Institutional Trading of Oracle

A number of institutional investors have recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. raised its holdings in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares in the last quarter. Rockland Trust Co. raised its holdings in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after buying an additional 467 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in shares of Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after buying an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. purchased a new position in shares of Oracle during the 4th quarter valued at about $211,000. Finally, AFT Forsyth & Company Inc. raised its holdings in shares of 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. Hedge funds and other 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.