Oracle (NYSE:ORCL) Price Target Raised to $200.00

Oracle (NYSE:ORCL) had its price objective boosted by KeyCorp from $190.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the enterprise software provider’s stock. KeyCorp’s price target indicates a potential upside of 6.91% from the stock’s current price.

Several other brokerages have also recently weighed in on ORCL. Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Guggenheim raised their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Morgan Stanley upped their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. DA Davidson boosted their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, UBS Group reiterated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

Shares of Oracle stock opened at $187.08 on Friday. The stock’s 50-day moving average is $170.41 and its 200-day moving average is $145.85. Oracle has a one year low of $99.26 and a one year high of $191.77. The firm has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the business earned $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts predict that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the third quarter worth $44,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle during the second quarter worth $40,000. 42.44% of the stock is 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.