Oracle (NYSE:ORCL) Stock Rating Upgraded by StockNews.com

Oracle (NYSE:ORCL) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently commented on ORCL. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Morgan Stanley lifted their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Guggenheim raised their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Up 1.1 %

Shares of ORCL opened at $192.81 on Wednesday. The company has a market capitalization of $534.29 billion, a PE ratio of 49.69, a PEG ratio of 3.48 and a beta of 1.02. The stock’s 50-day moving average price is $175.02 and its two-hundred day moving average price is $148.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle has a 12 month low of $99.26 and a 12 month high of $196.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. On average, analysts anticipate that Oracle will post 5 EPS for the current year.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by company insiders.

Institutional Trading of Oracle

Institutional investors have recently added to or reduced their stakes in the stock. Tudor Financial Inc. purchased a new stake in shares of Oracle in the third quarter worth about $1,531,000. Westside Investment Management Inc. increased its holdings in Oracle by 0.6% during the 3rd quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider’s stock worth $2,499,000 after acquiring an additional 86 shares during the period. Second Line Capital LLC lifted its stake in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares in the last quarter. TCW Group Inc. boosted its holdings in Oracle by 3.2% in the 3rd quarter. TCW Group Inc. now owns 108,124 shares of the enterprise software provider’s stock valued at $18,424,000 after purchasing an additional 3,333 shares during the period. Finally, Hohimer Wealth Management LLC grew its position in shares of Oracle by 1.7% during the 3rd quarter. Hohimer Wealth Management LLC now owns 25,307 shares of the enterprise software provider’s stock valued at $4,312,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other 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.