Oracle (NYSE:ORCL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Oracle (NYSE:ORCLGet Free Report) had its target price hoisted by equities research analysts at Stifel Nicolaus from $155.00 to $175.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the enterprise software provider’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 1.35% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. JMP Securities boosted their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $178.60.

View Our Latest Stock Report on ORCL

Oracle Stock Performance

Oracle stock traded down $13.05 during mid-day trading on Tuesday, hitting $177.40. The company had a trading volume of 13,470,645 shares, compared to its average volume of 8,326,131. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $491.59 billion, a price-to-earnings ratio of 45.72, a P/E/G ratio of 3.49 and a beta of 1.03. The company’s fifty day moving average is $179.76 and its 200-day moving average is $154.67. Oracle has a 12-month low of $99.26 and a 12-month high of $198.31.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Oracle will post 5.06 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ORCL. DGS Capital Management LLC increased its position in shares of Oracle by 6.6% in the 3rd quarter. DGS Capital Management LLC now owns 6,486 shares of the enterprise software provider’s stock valued at $1,105,000 after purchasing an additional 399 shares during the last quarter. Copley Financial Group Inc. purchased a new position in Oracle in the third quarter valued at $546,000. Oddo BHF Asset Management Sas acquired a new stake in Oracle in the third quarter valued at $1,242,000. Capasso Planning Partners LLC purchased a new stake in Oracle during the 3rd quarter worth about $207,000. Finally, Inspire Trust Co. N.A. boosted its position in shares of Oracle by 11.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider’s stock worth $5,236,000 after acquiring an additional 3,207 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

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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