Barclays Raises Oracle (NYSE:ORCL) Price Target to $172.00

Oracle (NYSE:ORCL) had its price objective hoisted by Barclays from $160.00 to $172.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the enterprise software provider’s stock.

A number of other equities research analysts have also recently commented on the company. Evercore ISI raised their price target on Oracle from $160.00 to $175.00 and gave the company an outperform rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on Oracle from $150.00 to $165.00 and gave the company a buy rating in a research note on Monday, June 17th. Guggenheim restated a buy rating and issued a $175.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an overweight rating in a report on Tuesday. Finally, KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an overweight rating in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of Moderate Buy and a consensus target price of $158.68.

Oracle Stock Up 2.7 %

ORCL stock opened at $161.36 on Tuesday. The business’s 50-day moving average price is $139.50 and its 200-day moving average price is $129.55. The stock has a market cap of $444.69 billion, a P/E ratio of 43.49, a PEG ratio of 2.56 and a beta of 1.01. 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 has a twelve month low of $99.26 and a twelve month high of $162.34.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. On average, equities research analysts forecast that Oracle will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. In 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westend Capital Management LLC bought a new position in shares of Oracle during the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Oracle in the second quarter worth about $27,000. Tidemark LLC bought a new position in Oracle during the 4th quarter worth about $29,000. Frank Rimerman Advisors LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. 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.