Cantor Fitzgerald Upgrades Oracle (NYSE:ORCL) to Strong-Buy

Oracle (NYSE:ORCL) was upgraded by equities research analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a $214.00 price target on the enterprise software provider’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 32.88% from the stock’s current price.

ORCL has been the topic of several other research reports. Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

Shares of NYSE ORCL opened at $161.05 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The business has a fifty day simple moving average of $176.00 and a 200-day simple moving average of $161.21.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Oracle will post 5.01 EPS for the current year.

Hedge Funds Weigh In On Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC lifted its position 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 worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. grew its holdings in shares of 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 purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 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.