Oracle (NYSE:ORCL) Price Target Cut to $140.00 by Analysts at DA Davidson

Oracle (NYSE:ORCL) had its price objective decreased by investment analysts at DA Davidson from $150.00 to $140.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the enterprise software provider’s stock. DA Davidson’s price target indicates a potential upside of 3.21% from the stock’s current price.

ORCL has been the topic of a number of other reports. BMO Capital Markets dropped their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Westpark Capital initiated coverage on Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 target price for the company. Jefferies Financial Group lowered their target price on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a report on Monday, March 31st. Evercore ISI cut their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Stephens assumed coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.27.

Oracle Trading Up 2.5 %

Shares of NYSE:ORCL traded up $3.30 during trading hours on Monday, hitting $135.65. 4,434,946 shares of the company’s stock traded hands, compared to its average volume of 9,261,964. The firm has a market capitalization of $379.41 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The business has a fifty day moving average price of $155.25 and a 200-day moving average price of $167.63. Oracle has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Oracle’s revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that Oracle will post 5 earnings per share for the current year.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,448,328 shares of company stock worth $453,791,001. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ORCL. R Squared Ltd purchased a new stake in shares of Oracle during the fourth quarter worth about $25,000. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter worth about $30,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Oracle in the fourth quarter valued at approximately $34,000. 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.