Oracle (NYSE:ORCL) Given New $180.00 Price Target at Mizuho

Oracle (NYSE:ORCL - Get Free Report) had its target price lowered by equities researchers at Mizuho from $210.00 to $180.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the enterprise software provider's stock. Mizuho's target price indicates a potential upside of 40.01% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Guggenheim restated a "buy" rating and set a $220.00 price target on shares of Oracle in a research note on Thursday, April 3rd. Citigroup lowered their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Evercore ISI decreased their price objective on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group lowered their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $176.73.

Oracle Stock Performance

Shares of Oracle stock traded down $1.20 on Tuesday, hitting $128.56. The stock had a trading volume of 8,919,409 shares, compared to its average volume of 9,320,254. The company's 50 day moving average price is $150.85 and its 200 day moving average price is $166.34. The stock has a market cap of $359.58 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a 52-week low of $112.78 and a 52-week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter last year, the company earned $1.41 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Oracle will post 5 EPS for the current year.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,453,328 shares of company stock worth $454,439,851. 42.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Oracle in the 4th quarter worth approximately $2,216,314,000. Raymond James Financial Inc. purchased a new stake in Oracle during the fourth quarter valued at about $930,095,000. GAMMA Investing LLC boosted its holdings in shares of Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

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.