Brokerages Set Oracle Co. (NYSE:ORCL) Target Price at $178.65

Shares of Oracle Co. (NYSE:ORCL - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-nine analysts that are currently covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $178.65.

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Jefferies Financial Group reduced 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. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. KeyCorp reaffirmed an "overweight" rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Finally, Evercore ISI cut their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th.

Oracle Stock Performance

Shares of Oracle stock traded up $3.49 on Tuesday, hitting $135.84. The stock had a trading volume of 616,729 shares, compared to its average volume of 9,247,115. The stock has a market cap of $379.95 billion, a price-to-earnings ratio of 32.95, 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. The company's 50 day moving average price is $155.25 and its 200 day moving average price is $167.63. Oracle has a 52-week low of $112.78 and a 52-week high of $198.31.

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Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 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 company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company posted $1.41 EPS. Oracle's quarterly revenue 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.

Oracle Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 1.47%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction 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 transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock valued at $453,791,001 over the last 90 days. Insiders own 42.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ORCL. Howard Capital Management Group LLC increased its stake in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock worth $1,366,000 after acquiring an additional 883 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. United Bank lifted its stake in shares of Oracle by 4.8% during the 3rd 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. Morse Asset Management Inc bought a new stake in Oracle during the third quarter valued at about $2,590,000. Finally, Wellington Management Group LLP grew its position in shares of Oracle by 27.3% in the 3rd quarter. Wellington Management Group LLP now owns 57,424 shares of the enterprise software provider's stock worth $9,785,000 after buying an additional 12,302 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.