Oracle (NYSE:ORCL) Downgraded by StockNews.com to Hold

Oracle (NYSE:ORCL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on ORCL. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Royal Bank of Canada initiated coverage on shares of Oracle in a research note on Wednesday. They issued a “sector perform” rating and a $165.00 price target on the stock. Citigroup upped their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Bank of America upped their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Down 0.5 %

Shares of ORCL stock traded down $0.86 during mid-day trading on Friday, reaching $173.52. 3,605,140 shares of the company’s stock traded hands, compared to its average volume of 8,360,906. Oracle has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a market cap of $478.20 billion, a P/E ratio of 46.77, a P/E/G ratio of 3.23 and a beta of 1.01. 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’s 50-day moving average price is $159.43 and its 200-day moving average price is $139.85.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS 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 firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ORCL. Brookstone Capital Management lifted its stake in Oracle by 13.1% in the first quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after purchasing an additional 2,383 shares during the last quarter. Transform Wealth LLC bought a new stake in Oracle in the first quarter worth about $201,000. OneAscent Financial Services LLC lifted its stake in Oracle by 19.7% in the first quarter. OneAscent Financial Services LLC now owns 4,857 shares of the enterprise software provider’s stock worth $610,000 after purchasing an additional 799 shares during the last quarter. First Dallas Securities Inc. lifted its stake in Oracle by 15.0% in the first quarter. First Dallas Securities Inc. now owns 2,300 shares of the enterprise software provider’s stock worth $289,000 after purchasing an additional 300 shares during the last quarter. Finally, Burns J W & Co. Inc. NY bought a new stake in Oracle in the first quarter worth about $203,000. Institutional investors own 42.44% of the company’s stock.

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.