Oracle (NYSE:ORCL) Given New $190.00 Price Target at Jefferies Financial Group

Oracle (NYSE:ORCL - Free Report) had its target price reduced by Jefferies Financial Group from $220.00 to $190.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the enterprise software provider's stock.

ORCL has been the topic of a number of other research reports. DA Davidson restated a "neutral" rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. UBS Group restated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. KeyCorp reissued an "overweight" rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average target price of $178.65.

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Oracle Stock Down 5.0 %

ORCL stock traded down $7.26 during mid-day trading on Monday, reaching $138.60. 6,716,171 shares of the company traded hands, compared to its average volume of 9,029,285. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm's 50 day moving average price is $162.14 and its 200 day moving average price is $169.85. The stock has a market cap of $387.66 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle has a fifty-two week low of $112.78 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities research analysts predict that Oracle will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oracle

Institutional investors have recently bought and sold shares of the business. Howard Capital Management Group LLC grew its holdings in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock valued at $1,366,000 after purchasing an additional 883 shares during the last quarter. Principal Financial Group Inc. grew its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. United Bank grew its holdings in Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider's stock worth $1,948,000 after purchasing an additional 519 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in Oracle by 1.9% in the third quarter. Tradition Wealth Management LLC now owns 5,099 shares of the enterprise software provider's stock worth $869,000 after acquiring an additional 97 shares in the last quarter. Finally, Paloma Partners Management Co grew its position in Oracle by 123.2% during the 3rd quarter. Paloma Partners Management Co now owns 15,710 shares of the enterprise software provider's stock worth $2,677,000 after purchasing an additional 8,670 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Company Profile

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.