Oracle (NYSE:ORCL) Reaches New 1-Year High – Time to Buy?

Oracle Co. (NYSE:ORCL) reached a new 52-week high on Monday . The company traded as high as $198.31 and last traded at $193.59, with a volume of 2825632 shares. The stock had previously closed at $191.69.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ORCL shares. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. KeyCorp upped 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. Stifel Nicolaus increased their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Finally, JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $171.52.

Oracle Stock Performance

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 stock has a fifty day moving average of $179.36 and a 200-day moving average of $154.20. The stock has a market cap of $531.54 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company posted $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.06 EPS for the current year.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $35,000. Quest Partners LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

About Oracle

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.