Oracle (NYSE:ORCL) Given New $175.00 Price Target at Stifel Nicolaus

Oracle (NYSE:ORCL - Get Free Report) had its price objective increased by investment analysts at Stifel Nicolaus from $155.00 to $175.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the enterprise software provider's stock. Stifel Nicolaus' price target would suggest a potential downside of 1.54% from the stock's previous close.

Several other research analysts have also recently weighed in on ORCL. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Oppenheimer restated a "market perform" rating on shares of Oracle in a research note on Tuesday, September 10th. JMP Securities upped their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Friday, October 18th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $181.48.

Oracle Trading Down 6.7 %

NYSE:ORCL traded down $12.71 on Tuesday, reaching $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 1-year low of $99.26 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $492.53 billion, a PE ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03. The business's 50-day moving average price is $179.76 and its two-hundred day moving average price is $154.67.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 analyst estimates of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Equities research analysts anticipate that Oracle will post 5.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 of the company's stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ORCL. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter worth $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter worth about $30,000. Quest Partners LLC purchased a new position in Oracle during the 2nd quarter valued at about $40,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the third quarter valued at about $44,000. Finally, Avondale Wealth Management purchased a new stake in shares of Oracle in the third quarter worth about $51,000. 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.