JPMorgan Chase & Co. Increases Oracle (NYSE:ORCL) Price Target to $120.00

Oracle (NYSE:ORCL) had its target price increased by research analysts at JPMorgan Chase & Co. from $110.00 to $120.00 in a research report issued on Monday. JPMorgan Chase & Co.‘s price objective points to a potential downside of 14.65% from the company’s current price.

ORCL has been the subject of a number of other reports. Stifel Nicolaus raised their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Guggenheim reiterated a “buy” rating and set a $175.00 target price on shares of Oracle in a report on Tuesday, June 25th. Citigroup dropped their price target on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. Finally, Bank of America lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.30.

Oracle Trading Down 0.9 %

Shares of ORCL traded down $1.22 during trading on Monday, reaching $140.59. 11,301,670 shares of the company traded hands, compared to its average volume of 8,075,473. The stock has a 50-day simple moving average of $138.72 and a 200-day simple moving average of $128.62. The stock has a market cap of $387.45 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. Oracle has a twelve month low of $99.26 and a twelve month high of $146.59. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the firm earned $1.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Oracle will post 5.02 earnings per share for the current year.

Insider Activity

In other news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Insiders own 42.80% of the company’s stock.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth about $27,000. Westend Capital Management LLC acquired a new position in shares of Oracle in the first quarter valued at approximately $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $35,000. Finally, Tidemark LLC acquired a new stake in Oracle during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds 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.