Oracle (NYSE:ORCL) Price Target Raised to $306.00 at Berenberg Bank

Oracle (NYSE:ORCL) had its price objective raised by Berenberg Bank from $202.00 to $306.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the enterprise software provider’s stock.

A number of other brokerages also recently weighed in on ORCL. Stifel Nicolaus increased their price objective on shares of Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Raymond James Financial reissued a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and upped their target price for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.44.

Oracle Stock Up 3.4%

Shares of Oracle stock opened at $302.10 on Monday. The stock has a market capitalization of $858.48 billion, a PE ratio of 69.93, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. The company has a 50-day simple moving average of $246.08 and a two-hundred day simple moving average of $191.63. Oracle has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is 46.30%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the business’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 sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,183 shares of company stock valued at $7,141,698 in the last quarter. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Snider Financial Group raised its stake in shares of Oracle by 1.3% during the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after acquiring an additional 40 shares in the last quarter. SNS Financial Group LLC boosted its holdings in shares of Oracle by 0.9% in the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares during the last quarter. PKS Advisory Services LLC boosted its holdings in shares of Oracle by 1.9% in the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after acquiring an additional 42 shares during the last quarter. Reyes Financial Architecture Inc. boosted its holdings in shares of Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 43 shares during the last quarter. Finally, Creative Capital Management Investments LLC boosted its holdings in Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after buying an additional 43 shares in the last quarter. 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.