Oracle (NYSE:ORCL) Given "Market Outperform" Rating at JMP Securities

Oracle (NYSE:ORCL - Get Free Report)'s stock had its "market outperform" rating reiterated by JMP Securities in a note issued to investors on Tuesday,Benzinga reports. They currently have a $205.00 target price on the enterprise software provider's stock. JMP Securities' price objective points to a potential upside of 15.34% from the company's current price.

Other analysts also recently issued research reports about the company. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. UBS Group restated a "market outperform" rating on shares of Oracle in a report on Friday, October 18th. Barclays increased their target price on shares of Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. Morgan Stanley lifted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $181.48.

Oracle Price Performance

Shares of NYSE:ORCL traded down $12.71 during trading on Tuesday, reaching $177.74. The company had a trading volume of 26,474,111 shares, compared to its average volume of 8,383,048. The company has a fifty day moving average of $179.76 and a two-hundred day moving average of $154.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $492.53 billion, a P/E ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. Oracle has a 12 month low of $99.26 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its 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). Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the company earned $1.34 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Oracle will post 5.06 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DGS Capital Management LLC grew its holdings in shares of Oracle by 6.6% during the third quarter. DGS Capital Management LLC now owns 6,486 shares of the enterprise software provider's stock valued at $1,105,000 after buying an additional 399 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in Oracle during the 3rd quarter valued at $546,000. Oddo BHF Asset Management Sas purchased a new stake in Oracle during the 3rd quarter valued at $1,242,000. Capasso Planning Partners LLC bought a new stake in shares of Oracle in the 3rd quarter worth $207,000. Finally, Inspire Trust Co. N.A. raised its stake in shares of Oracle by 11.7% in the third quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider's stock worth $5,236,000 after purchasing an additional 3,207 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

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.