Oracle (NYSE:ORCL) Cut to Sell at Monness Crespi & Hardt

Monness Crespi & Hardt cut shares of Oracle (NYSE:ORCL) from a neutral rating to a sell rating in a research report sent to investors on Friday morning, Marketbeat.com reports. The firm currently has $130.00 target price on the enterprise software provider’s stock.

A number of other equities analysts have also commented on ORCL. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Bank of America increased their target price 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. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Performance

Shares of Oracle stock opened at $169.66 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market capitalization of $474.53 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.39 and a beta of 1.03. Oracle has a fifty-two week low of $101.74 and a fifty-two week high of $198.31. The company’s 50 day moving average price is $179.83 and its two-hundred day moving average price is $157.40.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. On average, equities analysts forecast that Oracle will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is presently 39.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the second quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter worth about $44,000. Quest Partners LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $40,000. Finally, Avondale Wealth Management purchased a new position in shares of Oracle during the 3rd quarter valued at about $51,000. 42.44% of the stock is owned by institutional investors.

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.