UBS Group Issues Pessimistic Forecast for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its price objective dropped by equities research analysts at UBS Group from $210.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the enterprise software provider’s stock. UBS Group’s price objective indicates a potential upside of 43.80% from the stock’s previous close.

ORCL has been the topic of a number of other research reports. Piper Sandler dropped their price target on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday. Morgan Stanley cut their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday. KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.35.

Oracle Stock Down 6.5 %

ORCL stock traded down $9.71 during mid-day trading on Tuesday, hitting $139.09. The stock had a trading volume of 7,816,255 shares, compared to its average volume of 11,725,672. The stock has a market capitalization of $389.01 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a 1-year low of $112.78 and a 1-year high of $198.31. The company has a fifty day moving average of $167.27 and a 200 day moving average of $169.58.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm earned $1.41 earnings per share. Oracle’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Oracle will post 5 EPS for the current fiscal year.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by company insiders.

Institutional Trading of Oracle

A number of institutional investors have recently bought and sold shares of ORCL. Norges Bank acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. acquired a new stake in Oracle during the 4th quarter valued at approximately $930,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock valued at $512,909,000 after purchasing an additional 2,242,520 shares during the last quarter. 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.