Brokerages Set Oracle Co. (NYSE:ORCL) PT at $130.76

Shares of Oracle Co. (NYSE:ORCL) have been assigned an average rating of “Moderate Buy” from the twenty-four analysts that are covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $130.76.

Several research firms have issued reports on ORCL. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th.

Oracle Price Performance

NYSE ORCL opened at $117.21 on Tuesday. The firm’s fifty day simple moving average is $119.42 and its two-hundred day simple moving average is $113.13. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle has a 12-month low of $93.29 and a 12-month high of $132.77. The firm has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that Oracle will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.80% of the company’s stock.

Institutional Trading of Oracle

Large investors have recently bought and sold shares of the business. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter valued at about $25,000. Orion Capital Management LLC purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $27,000. Finally, Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Hedge funds and other 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.