Oracle Co. (NYSE:ORCL) Receives $127.00 Average Target Price from Analysts

Oracle Co. (NYSE:ORCLGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $127.00.

A number of equities research analysts recently commented on ORCL shares. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Monday. Erste Group Bank reissued a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. BMO Capital Markets lowered their price objective on Oracle from $130.00 to $126.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 12th. Edward Jones raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Finally, Piper Sandler decreased their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd.

Check Out Our Latest Stock Analysis on Oracle

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 16,300 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fairfield Bush & CO. boosted its holdings in Oracle by 3.1% in the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after acquiring an additional 2,221 shares during the last quarter. AMI Investment Management Inc. boosted its holdings in Oracle by 2.9% in the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after acquiring an additional 579 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Oracle by 29.2% in the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after acquiring an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in Oracle by 79.6% in the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Oracle by 125.2% in the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $115.87 on Thursday. Oracle has a 52 week low of $82.04 and a 52 week high of $127.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 18.84. The stock’s fifty day moving average is $108.94 and its two-hundred day moving average is $111.41. The company has a market capitalization of $318.52 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $12.94 billion during the quarter, compared to analysts’ expectations of $13.05 billion. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. As a group, analysts expect that Oracle will post 4.45 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, January 10th. Oracle’s payout ratio is 44.20%.

Oracle Company Profile

(Get Free Report

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.

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Analyst Recommendations for Oracle (NYSE:ORCL)

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