TD Cowen Increases Oracle (NYSE:ORCL) Price Target to $165.00

Oracle (NYSE:ORCLGet Free Report) had its price objective lifted by stock analysts at TD Cowen from $145.00 to $165.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. TD Cowen’s price target suggests a potential upside of 18.08% from the stock’s current price.

Other equities analysts have also issued reports about the company. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Read Our Latest Stock Analysis on ORCL

Oracle Stock Down 0.5 %

ORCL opened at $139.74 on Wednesday. The firm has a market cap of $384.08 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 2.58 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day moving average price of $120.78 and a 200 day moving average price of $115.98. Oracle has a twelve month low of $99.26 and a twelve month high of $142.40.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Oracle’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that Oracle will post 4.44 EPS for the current year.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oracle

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in Oracle in the third quarter valued at about $25,000. Westend Capital Management LLC bought a new position in shares of Oracle in the 1st quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $27,000. Tidemark LLC bought a new stake in shares of Oracle during the fourth quarter worth approximately $29,000. Finally, Nordwand Advisors LLC bought a new position in Oracle in the fourth quarter valued at approximately $30,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile

(Get Free Report)

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.

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