Oracle (NYSE:ORCL) Price Target Raised to $364.00 at Sanford C. Bernstein

Oracle (NYSE:ORCL) had its price objective increased by Sanford C. Bernstein from $363.00 to $364.00 in a research report sent to investors on Friday,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the enterprise software provider’s stock.

A number of other analysts have also commented on the stock. Wolfe Research boosted their price target on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group boosted their price target on shares of Oracle from $195.00 to $310.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Morgan Stanley boosted their price target on shares of Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday. Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.71.

Oracle Stock Down 2.8%

Shares of NYSE ORCL opened at $283.29 on Friday. The firm has a market cap of $805.03 billion, a PE ratio of 65.58, a P/E/G ratio of 3.13 and a beta of 1.46. Oracle has a 12-month low of $118.86 and a 12-month high of $345.72. The company’s fifty day simple moving average is $258.19 and its 200 day simple moving average is $200.44. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider owned 78,000 shares of the company’s stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, 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 have sold 112,092 shares of company stock worth $32,960,165 in the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Oracle

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORCL. Winnow Wealth LLC bought a new stake in Oracle in the second quarter worth $28,000. Kilter Group LLC purchased a new position in Oracle during the second quarter valued at $30,000. LGT Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter worth $33,000. Legend Financial Advisors Inc. purchased a new position in Oracle in the 2nd quarter worth approximately $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in Oracle in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

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.