Oracle (NYSE:ORCL) Price Target Raised to $194.00

Oracle (NYSE:ORCL - Get Free Report) had its price target raised by research analysts at Citigroup from $157.00 to $194.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the enterprise software provider's stock. Citigroup's price objective suggests a potential upside of 9.15% from the stock's current price.

Several other equities analysts have also recently commented on ORCL. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Bank of America increased their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $181.48.

Oracle Stock Performance

ORCL traded down $12.71 on Tuesday, hitting $177.74. The company's stock had a trading volume of 26,474,111 shares, compared to its average volume of 8,383,048. Oracle has a 12 month low of $99.26 and a 12 month high of $198.31. The firm has a market cap 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. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company's 50 day simple moving average is $179.76 and its 200-day simple moving average is $154.67.

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

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 42.20% of the company's stock.

Institutional Investors Weigh In On Oracle

Several institutional investors and hedge funds have recently modified their holdings of ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Quest Partners LLC purchased a new stake in shares of Oracle in the 2nd quarter worth about $40,000. Finally, Avondale Wealth Management bought a new position in shares of Oracle in the 3rd quarter worth about $51,000. 42.44% of the stock is owned by hedge funds and other 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.