Oracle (NYSE:ORCL) Price Target Raised to $200.00 at KeyCorp

Oracle (NYSE:ORCL) had its price objective upped by equities research analysts at KeyCorp from $190.00 to $200.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the enterprise software provider’s stock. KeyCorp’s price target points to a potential upside of 6.91% from the company’s previous close.

Several other research analysts also recently issued reports on ORCL. Guggenheim raised their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Finally, JMP Securities upped their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Performance

Shares of ORCL stock opened at $187.08 on Friday. Oracle has a 1 year low of $99.26 and a 1 year high of $191.77. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a PEG ratio of 3.49 and a beta of 1.02. The stock’s 50-day moving average is $170.41 and its two-hundred day moving average is $145.85.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. Analysts predict that Oracle will post 5 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $40,000. 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.