Oracle (NYSE:ORCL) Price Target Raised to $210.00 at Piper Sandler

Oracle (NYSE:ORCL) had its target price raised by Piper Sandler from $185.00 to $210.00 in a research report sent to investors on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the enterprise software provider’s stock.

Several other analysts have also commented on ORCL. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, Mizuho raised their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Trading Down 6.7 %

Shares of Oracle stock opened at $177.74 on Tuesday. 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 firm has a fifty day moving average price of $179.76 and a 200 day moving average price of $154.67. Oracle has a 1 year low of $99.26 and a 1 year high of $198.31. The stock has a market cap of $492.53 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict that Oracle will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. Oracle’s payout ratio is presently 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oracle

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Oracle by 5.3% in 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 acquiring an additional 121,874 shares during the period. Itau Unibanco Holding S.A. raised its stake in shares of Oracle by 15.3% in 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 acquiring an additional 3,300 shares during the period. Chase Investment Counsel Corp purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $4,160,000. Oppenheimer Asset Management Inc. increased its stake 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 worth $48,813,000 after buying an additional 126,985 shares during the period. Finally, Miura Global Management LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $1,704,000. 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.