Oracle (NYSE:ORCL) Price Target Raised to $210.00

Oracle (NYSE:ORCL) had its price objective increased by research analysts at Piper Sandler from $185.00 to $210.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the enterprise software provider’s stock. Piper Sandler’s target price points to a potential upside of 10.21% from the company’s previous close.

Several other equities research analysts have also recently commented on ORCL. Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.40.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $190.54 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $528.00 billion, a price-to-earnings ratio of 49.11, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. Oracle has a 12 month low of $99.26 and a 12 month high of $198.31. The company has a 50-day moving average price of $179.76 and a 200-day moving average price of $154.67.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. As a group, equities analysts anticipate that Oracle will post 5.06 EPS for the current 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 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORCL. Copley Financial Group Inc. bought a new stake in shares of Oracle in the 3rd quarter worth about $546,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Oracle in the third quarter valued at approximately $1,242,000. Capasso Planning Partners LLC bought a new stake in Oracle during the 3rd quarter valued at $207,000. Inspire Trust Co. N.A. lifted its holdings in shares of Oracle by 11.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider’s stock worth $5,236,000 after buying an additional 3,207 shares during the period. Finally, American Trust bought a new position in shares of Oracle during the 3rd quarter worth $223,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.