Oracle’s (ORCL) “Market Outperform” Rating Reaffirmed at JMP Securities

Oracle (NYSE:ORCL)‘s stock had its “market outperform” rating reissued by JMP Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $205.00 target price on the enterprise software provider’s stock. JMP Securities’ target price suggests a potential upside of 12.23% from the company’s current price.

ORCL has been the topic of several other reports. Guggenheim raised their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

ORCL stock traded up $10.09 during midday trading on Wednesday, hitting $182.66. 17,544,483 shares of the stock were exchanged, compared to its average volume of 10,413,818. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day moving average price is $174.54 and its 200-day moving average price is $161.90. Oracle has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The stock has a market cap of $510.88 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 3.16 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. Research analysts predict that Oracle will post 5.01 earnings per share for the current year.

Institutional Trading of Oracle

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the period. Franklin Resources Inc. increased its stake in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp increased its stake in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Oracle by 2,899.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after purchasing an additional 883,233 shares in the last quarter. 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.