Oracle Co. (NYSE:ORCL) Receives $163.88 Average PT from Analysts

Oracle Co. (NYSE:ORCL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirty analysts that are currently covering the stock, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $163.88.

ORCL has been the topic of a number of research reports. Guggenheim boosted their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Bank of America boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. UBS Group increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Finally, Piper Sandler upped their target price on Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th.

Oracle Stock Up 0.2 %

ORCL stock traded up $0.37 during trading hours on Friday, reaching $167.96. 12,186,500 shares of the stock were exchanged, compared to its average volume of 8,640,396. The firm's 50-day moving average is $142.30 and its 200-day moving average is $131.81. Oracle has a 12 month low of $99.26 and a 12 month high of $173.99. The company has a market cap of $462.87 billion, a price-to-earnings ratio of 45.27, a PEG ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. On average, equities research analysts expect that Oracle will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle's dividend payout ratio is 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,610,402 shares of company stock valued at $230,556,257. 42.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ORCL. Werlinich Asset Management LLC increased its holdings in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider's stock valued at $326,000 after buying an additional 70 shares during the period. RFP Financial Group LLC increased its stake in Oracle by 2.7% in the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider's stock valued at $405,000 after acquiring an additional 75 shares during the last quarter. Invst LLC raised its position in Oracle by 2.4% during the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider's stock valued at $482,000 after purchasing an additional 79 shares in the last quarter. ERn Financial LLC lifted its stake in Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider's stock worth $1,823,000 after purchasing an additional 80 shares during the last quarter. Finally, Key Financial Inc lifted its stake in Oracle by 1.2% during the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider's stock worth $932,000 after purchasing an additional 80 shares during the last quarter. 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.