Brokerages Set Oracle Co. (NYSE:ORCL) Price Target at $181.48

Oracle Co. (NYSE:ORCL) has been given a consensus recommendation of “Moderate Buy” by the twenty-nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $181.48.

Several equities analysts recently commented on ORCL shares. Stifel Nicolaus upped their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ORCL. Activest Wealth Management lifted its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the period. Second Line Capital LLC lifted its position in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares during the period. Cadence Bank boosted its stake in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC grew its position in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC raised its stake in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after buying an additional 64 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.4 %

Oracle stock opened at $166.03 on Friday. The firm has a market cap of $464.38 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 3.39 and a beta of 1.03. The firm has a fifty day moving average price of $178.93 and a two-hundred day moving average price of $159.86. Oracle has a fifty-two week low of $101.74 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, analysts forecast that Oracle will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is presently 39.12%.

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.