DA Davidson Increases Oracle (NYSE:ORCL) Price Target to $150.00

Oracle (NYSE:ORCL) had its target price boosted by stock analysts at DA Davidson from $140.00 to $150.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the enterprise software provider’s stock. DA Davidson’s price objective indicates a potential downside of 14.05% from the company’s previous close.

ORCL has been the topic of a number of other research reports. Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. TD Cowen increased their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Bank of America raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, KeyCorp lifted 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. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.80.

Oracle Price Performance

Shares of NYSE:ORCL traded down $15.94 during trading on Tuesday, hitting $174.51. 9,283,030 shares of the company’s stock were exchanged, compared to its average volume of 8,306,220. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $483.58 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 3.49 and a beta of 1.03. Oracle has a 52-week low of $99.26 and a 52-week high of $198.31. The business’s 50-day simple moving average is $179.76 and its 200 day simple moving average is $154.67.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Oracle will post 5.06 EPS for the current year.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oracle

Hedge funds have recently added to or reduced their stakes in the business. Copley Financial Group Inc. acquired a new position in Oracle during the 3rd quarter worth $546,000. Oddo BHF Asset Management Sas acquired a new stake in Oracle in the third quarter worth about $1,242,000. Capasso Planning Partners LLC bought a new position in Oracle in the 3rd quarter valued at about $207,000. Inspire Trust Co. N.A. increased its stake in Oracle by 11.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider’s stock valued at $5,236,000 after buying an additional 3,207 shares during the period. Finally, American Trust acquired a new stake in shares of Oracle in the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds 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.