Oracle (NYSE:ORCL) Stock Price Expected to Rise, Barclays Analyst Says

Oracle (NYSE:ORCL) had its price target increased by Barclays from $202.00 to $221.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the enterprise software provider’s stock. Barclays‘s price target suggests a potential upside of 2.53% from the company’s previous close.

A number of other research firms also recently weighed in on ORCL. Cantor Fitzgerald cut their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Westpark Capital upped their target price on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their target price on Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Citigroup upped their target price on Oracle from $160.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, June 9th. Twelve investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.32.

Oracle Price Performance

NYSE ORCL opened at $215.54 on Friday. Oracle has a 12-month low of $118.86 and a 12-month high of $216.60. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50 day moving average is $152.88 and its 200-day moving average is $160.46. The company has a market capitalization of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

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

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction 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 owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock valued at $80,183,723 over the last ninety days. 42.20% of the stock is currently owned by insiders.

Institutional Trading of Oracle

Hedge funds have recently bought and sold shares of the business. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the fourth quarter valued at $33,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the first quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 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.