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

Oracle (NYSE:ORCL) had its target price hoisted by stock analysts at Evercore ISI from $190.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the enterprise software provider’s stock. Evercore ISI’s price target would indicate a potential upside of 4.96% from the stock’s current price.

Other analysts have also issued reports about the stock. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Piper Sandler lifted their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $176.40.

Oracle Stock Down 0.6 %

Shares of Oracle stock opened at $190.54 on Tuesday. The company has a 50-day simple moving average of $179.76 and a two-hundred day simple moving average of $154.67. Oracle has a 52-week low of $99.26 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $528.00 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. On average, analysts anticipate that Oracle will post 5.06 EPS for the current fiscal year.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Oracle

Hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new stake in Oracle in the 3rd quarter valued at about $44,000. Quest Partners LLC bought a new position in Oracle in the 2nd quarter worth about $40,000. Finally, Avondale Wealth Management purchased a new position in shares of Oracle during the third quarter worth approximately $51,000. 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.