Oracle (NYSE:ORCL) Price Target Raised to $210.00

Oracle (NYSE:ORCL - Get Free Report) had its price objective lifted by stock analysts at UBS Group from $200.00 to $210.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the enterprise software provider's stock. UBS Group's price target suggests a potential upside of 18.15% from the stock's previous close.

Other analysts have also issued reports about the stock. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Sanford C. Bernstein boosted their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. JMP Securities restated a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a report on Tuesday. Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the company a "neutral" rating in a research report on Wednesday, September 11th. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $181.48.

Oracle Price Performance

Oracle stock 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 firm's 50-day simple moving average is $179.76 and its 200 day simple moving average is $154.67. Oracle has a 1-year low of $99.26 and a 1-year high of $198.31. The firm has a market capitalization of $492.53 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, equities research analysts anticipate that Oracle will post 5.06 earnings per share for the current fiscal year.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company's stock.

Hedge Funds Weigh In On Oracle

A number of large investors have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its holdings in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Franklin Resources Inc. raised its holdings in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock valued at $3,049,824,000 after buying an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after buying an additional 54,868 shares during the period. 42.44% of the stock is currently 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.