Oracle (NYSE:ORCL) Raised to "Buy" at StockNews.com

Oracle (NYSE:ORCL - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.

ORCL has been the topic of a number of other research reports. Jefferies Financial Group upped their price target on Oracle from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, September 16th. KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. TD Cowen boosted their price target on Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Mizuho increased their target price on Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Melius Research raised Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $169.52.

Oracle Trading Up 1.0 %

NYSE ORCL traded up $1.86 during trading hours on Wednesday, hitting $190.76. 4,858,254 shares of the company's stock were exchanged, compared to its average volume of 8,231,655. Oracle has a 1-year low of $99.26 and a 1-year high of $191.77. 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 firm has a market cap of $528.61 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 3.39 and a beta of 1.02. The stock has a 50-day simple moving average of $174.39 and a 200 day simple moving average of $148.37.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Activest Wealth Management grew its position in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares during the last quarter. Second Line Capital LLC boosted its stake in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after buying an additional 58 shares during the period. Cadence Bank increased its position in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after acquiring an additional 59 shares during the period. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after acquiring an additional 64 shares during the period. Finally, W Advisors LLC grew its stake in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock valued at $368,000 after purchasing an additional 64 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.

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