Jefferies Financial Group Raises Oracle (NYSE:ORCL) Price Target to $190.00

Oracle (NYSE:ORCL) had its target price boosted by Jefferies Financial Group from $170.00 to $190.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the enterprise software provider’s stock.

ORCL has been the topic of several other research reports. Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the stock a neutral rating in a report on Wednesday, September 11th. Sanford C. Bernstein upped their price objective on Oracle from $159.00 to $171.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. Guggenheim increased their price objective on Oracle from $185.00 to $200.00 and gave the company a buy rating in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a buy rating in a report on Monday, June 17th. Finally, Barclays increased their price target on shares of Oracle from $160.00 to $172.00 and gave the company an overweight rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $163.88.

Oracle Price Performance

NYSE ORCL opened at $167.56 on Monday. The firm’s 50 day moving average is $141.83 and its 200-day moving average is $131.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $461.77 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. Oracle has a 12-month low of $99.26 and a 12-month high of $173.99.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Oracle will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 37,221 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,610,402 shares of company stock valued at $230,556,257. 42.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of ORCL. Werlinich Asset Management LLC increased its stake in shares of Oracle by 3.1% in the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after buying an additional 70 shares during the period. RFP Financial Group LLC boosted its holdings in Oracle by 2.7% in the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after acquiring an additional 75 shares during the last quarter. Invst LLC increased its position in Oracle by 2.4% during the 2nd quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock valued at $482,000 after purchasing an additional 79 shares during the period. ERn Financial LLC raised its holdings in Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after purchasing an additional 80 shares during the last quarter. Finally, Key Financial Inc lifted its position in shares of Oracle by 1.2% in the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after purchasing an additional 80 shares during the period. 42.44% of the stock is currently 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.