Oracle (NYSE:ORCL) Given New $150.00 Price Target at DA Davidson

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

A number of other research firms also recently weighed in on ORCL. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $177.80.

Oracle Stock Performance

Shares of NYSE ORCL traded down $15.94 during trading hours on Tuesday, hitting $174.51. 9,283,030 shares of the stock were exchanged, compared to its average volume of 8,306,220. The firm has a market capitalization of $483.58 billion, a P/E ratio of 44.98, a P/E/G ratio of 3.49 and a beta of 1.03. Oracle has a one year low of $99.26 and a one year high of $198.31. 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’s 50 day moving average is $179.76 and its 200 day moving average is $154.67.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Oracle will post 5.06 EPS for the current year.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oracle

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp purchased a new stake in shares of Oracle in the third quarter worth about $4,160,000. Oppenheimer Asset Management Inc. grew its holdings in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after buying an additional 126,985 shares in the last quarter. Finally, Miura Global Management LLC purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $1,704,000. 42.44% of the stock is owned by 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.