Oracle (NYSE:ORCL) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Oracle (NYSE:ORCL - Free Report) in a research report sent to investors on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $214.00 target price on the enterprise software provider's stock.

Several other brokerages have also recently issued reports on ORCL. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Thursday. KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Stifel Nicolaus upped their price target on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Finally, Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $182.73.

Oracle Price Performance

Shares of ORCL traded up $1.53 during trading hours on Friday, reaching $161.07. The stock had a trading volume of 7,255,524 shares, compared to its average volume of 8,197,832. The stock has a market capitalization of $450.51 billion, a PE ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company's 50-day moving average is $176.53 and its two-hundred day moving average is $161.22.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. Research analysts expect that Oracle will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is 39.12%.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of Oracle by 71.5% during the second quarter. Brighton Jones LLC now owns 266,931 shares of the enterprise software provider's stock valued at $37,691,000 after buying an additional 111,324 shares during the last quarter. Ieq Capital LLC boosted its holdings in Oracle by 11.2% during the 2nd quarter. Ieq Capital LLC now owns 140,559 shares of the enterprise software provider's stock worth $19,847,000 after acquiring an additional 14,105 shares during the last quarter. Trust Investment Advisors bought a new stake in shares of Oracle in the 2nd quarter worth $212,000. Canada Pension Plan Investment Board raised its holdings in shares of Oracle by 20.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,450,762 shares of the enterprise software provider's stock valued at $204,848,000 after purchasing an additional 248,664 shares during the last quarter. Finally, Callan Capital LLC lifted its position in shares of Oracle by 1.2% during the second quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider's stock valued at $3,005,000 after purchasing an additional 253 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

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.