Oracle (NYSE:ORCL) Price Target Raised to $205.00

Oracle (NYSE:ORCL) had its target price lifted by BMO Capital Markets from $173.00 to $205.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a market perform rating on the enterprise software provider’s stock.

Several other research firms have also recently commented on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Mizuho lifted their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Twelve research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Down 6.7 %

Shares of Oracle stock opened at $177.74 on Tuesday. 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 has a 1 year low of $99.26 and a 1 year high of $198.31. The company has a market capitalization of $492.53 billion, a P/E ratio of 45.81, a P/E/G ratio of 3.49 and a beta of 1.03. The business has a 50 day moving average price of $179.76 and a 200 day moving average price of $154.67.

Oracle (NYSE:ORCL) last issued 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). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Oracle will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 42.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oracle

Institutional investors have recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at about $44,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds 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.