Oracle (NYSE:ORCL) PT Raised to $170.00 at Jefferies Financial Group

Oracle (NYSE:ORCL) had its price objective raised by Jefferies Financial Group from $150.00 to $170.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the enterprise software provider’s stock.

Other equities research analysts have also recently issued research reports about the company. JMP Securities raised Oracle from a market perform rating to an outperform rating and set a $175.00 price objective for the company in a research note on Tuesday. Barclays boosted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an overweight rating in a research note on Tuesday. StockNews.com lowered shares of Oracle from a buy rating to a hold rating in a research note on Thursday, June 6th. BMO Capital Markets lifted their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a market perform rating in a report on Tuesday. Finally, TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a buy rating in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of Moderate Buy and a consensus price target of $158.68.

Oracle Stock Performance

Shares of ORCL stock opened at $161.36 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle has a 52 week low of $99.26 and a 52 week high of $162.34. The firm has a 50 day moving average of $139.50 and a 200-day moving average of $129.55. The company has a market cap of $444.69 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities analysts forecast that Oracle will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is presently 43.13%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors and hedge funds have recently modified their holdings of the company. Werlinich Asset Management LLC lifted its stake in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after purchasing an additional 70 shares in the last quarter. RFP Financial Group LLC increased its holdings in shares of Oracle by 2.7% in the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after purchasing an additional 75 shares during the period. Invst LLC raised its position in shares of Oracle by 2.4% in the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock worth $482,000 after buying an additional 79 shares in the last quarter. ERn Financial LLC boosted its stake in Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after buying an additional 80 shares during the period. Finally, Key Financial Inc grew its position in Oracle by 1.2% during the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after buying an additional 80 shares in the last quarter. 42.44% of the stock is 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.