Oracle Co. (NYSE:ORCL) Receives $182.73 Average Price Target from Analysts

Shares of Oracle Co. (NYSE:ORCL) have been given an average rating of “Moderate Buy” by the thirty analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $182.73.

A number of research analysts recently issued reports on ORCL shares. Evercore ISI boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Citigroup lifted their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Oracle Stock Performance

Oracle stock opened at $167.92 on Monday. Oracle has a 1 year low of $109.66 and a 1 year high of $198.31. The company has a market cap of $469.66 billion, a PE ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50-day moving average is $168.99 and its two-hundred day moving average is $167.58.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. Equities analysts anticipate that Oracle will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ORCL. Ascent Group LLC raised its stake in Oracle by 8.5% in the 4th quarter. Ascent Group LLC now owns 15,525 shares of the enterprise software provider’s stock valued at $2,587,000 after acquiring an additional 1,210 shares during the period. Putney Financial Group LLC bought a new position in shares of Oracle in the fourth quarter valued at about $307,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Oracle during the 4th quarter worth about $383,000. Mackenzie Financial Corp boosted its holdings in shares of Oracle by 13.1% during the 4th quarter. Mackenzie Financial Corp now owns 2,883,060 shares of the enterprise software provider’s stock worth $480,433,000 after buying an additional 333,755 shares during the period. Finally, Forum Financial Management LP grew its stake in Oracle by 6.4% in the 4th quarter. Forum Financial Management LP now owns 14,069 shares of the enterprise software provider’s stock valued at $2,344,000 after buying an additional 846 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

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.