Investment Analysts’ Weekly Ratings Changes for Oracle (ORCL)

A number of firms have modified their ratings and price targets on shares of Oracle (NYSE: ORCL) recently:

• 6/25/2024 – Oracle had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $125.00 price target on the stock.
• 6/25/2024 – Oracle had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $175.00 price target on the stock.
• 6/18/2024 – Oracle had its price target raised by analysts at Argus from $145.00 to $159.00. They now have a “buy” rating on the stock.
• 6/17/2024 – Oracle had its price target raised by analysts at BMO Capital Markets from $142.00 to $160.00. They now have a “market perform” rating on the stock.
• 6/17/2024 – Oracle had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $150.00 to $165.00. They now have a “buy” rating on the stock.
• 6/17/2024 – Oracle had its price target raised by analysts at Mizuho from $160.00 to $170.00. They now have a “buy” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at Piper Sandler from $140.00 to $150.00. They now have an “overweight” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at KeyCorp from $150.00 to $165.00. They now have an “overweight” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at Sanford C. Bernstein from $159.00 to $171.00. They now have an “outperform” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at Evercore ISI from $145.00 to $160.00. They now have an “outperform” rating on the stock.
• 6/12/2024 – Oracle had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $105.00 price target on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at Bank of America Co. from $144.00 to $155.00. They now have a “neutral” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at JPMorgan Chase & Co. from $105.00 to $110.00. They now have a “neutral” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at Stifel Nicolaus from $120.00 to $135.00. They now have a “hold” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at Morgan Stanley from $115.00 to $125.00. They now have an “equal weight” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at UBS Group AG from $150.00 to $160.00. They now have a “buy” rating on the stock.
• 6/12/2024 – Oracle had its price target raised by analysts at TD Cowen from $145.00 to $165.00. They now have a “buy” rating on the stock.
• 6/11/2024 – Oracle had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 6/10/2024 – Oracle had its price target lowered by analysts at Citigroup Inc. from $133.00 to $128.00. They now have a “neutral” rating on the stock.
• 6/6/2024 – Oracle was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/9/2024 – Oracle was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Oracle Trading Up 0.1 %

Shares of ORCL traded up $0.13 during midday trading on Friday, reaching $144.51. The company had a trading volume of 1,810,179 shares, compared to its average volume of 8,589,265. The firm has a 50 day simple moving average of $127.54 and a 200-day simple moving average of $119.13. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a market cap of $398.25 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.79.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,639 shares of company stock worth $53,002,729. Company insiders own 42.80% of the company’s stock.

Hedge Funds Weigh In On Oracle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Oracle in the fourth quarter valued at $1,210,181,000. Wellington Management Group LLP raised its position in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its position in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Boston Partners grew its stake in shares of Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

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.