Oracle (NYSE:ORCL) Given New $350.00 Price Target at Mizuho

Oracle (NYSE:ORCL) had its price objective increased by Mizuho from $300.00 to $350.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the enterprise software provider’s stock.

ORCL has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Monday. Roth Capital reiterated a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. KeyCorp raised their target price on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Stifel Nicolaus raised their target price on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Cowen reiterated a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $291.23.

Oracle Stock Performance

Shares of ORCL stock opened at $328.40 on Wednesday. The company’s fifty day simple moving average is $242.19 and its 200-day simple moving average is $188.57. Oracle has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $922.41 billion, a PE ratio of 76.02, a P/E/G ratio of 3.61 and a beta of 1.46.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 80.42%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 EPS. As a group, equities research analysts anticipate that Oracle will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is owned by company insiders.

Institutional Trading of Oracle

A number of large investors have recently added to or reduced their stakes in ORCL. Brighton Jones LLC boosted its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the period. Lighthouse Investment Partners LLC raised its position in shares of Oracle by 22.8% during the fourth quarter. Lighthouse Investment Partners LLC now owns 14,740 shares of the enterprise software provider’s stock worth $2,456,000 after purchasing an additional 2,740 shares during the period. Northwest Quadrant Wealth Management LLC raised its position in shares of Oracle by 10.6% during the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 1,867 shares of the enterprise software provider’s stock worth $311,000 after purchasing an additional 179 shares during the period. Finally, Northeast Financial Consultants Inc raised its position in shares of Oracle by 9.6% during the fourth quarter. Northeast Financial Consultants Inc now owns 5,355 shares of the enterprise software provider’s stock worth $892,000 after purchasing an additional 467 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.