Oracle (NYSE:ORCL) Upgraded at StockNews.com

Oracle (NYSE:ORCL - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on ORCL. Melius Research upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. BMO Capital Markets upped their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a "market perform" rating in a research report on Tuesday, September 10th. Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a report on Wednesday, September 11th. Melius upgraded Oracle from a "hold" rating to a "buy" rating and set a $210.00 price target for the company in a report on Monday, September 16th. Finally, TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

Oracle Stock Up 1.0 %

NYSE:ORCL traded up $1.86 during trading hours on Wednesday, reaching $190.76. The company's stock had a trading volume of 4,858,254 shares, compared to its average volume of 8,231,655. Oracle has a one year low of $99.26 and a one year high of $191.77. The business's 50-day moving average is $174.39 and its 200-day moving average is $148.37. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $528.61 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm earned $0.95 EPS. The business's revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that Oracle will post 5 EPS for the current year.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the 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 completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company's stock.

Hedge Funds Weigh In On Oracle

Hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. lifted its holdings in Oracle by 0.6% during the 3rd quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider's stock worth $2,499,000 after buying an additional 86 shares in the last quarter. Second Line Capital LLC grew its holdings in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after acquiring an additional 58 shares in the last quarter. TCW Group Inc. increased its position in shares of Oracle by 3.2% in the 3rd quarter. TCW Group Inc. now owns 108,124 shares of the enterprise software provider's stock valued at $18,424,000 after purchasing an additional 3,333 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in shares of Oracle by 1.7% during the 3rd quarter. Hohimer Wealth Management LLC now owns 25,307 shares of the enterprise software provider's stock worth $4,312,000 after purchasing an additional 431 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its holdings in Oracle by 47.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 28,049 shares of the enterprise software provider's stock worth $4,780,000 after buying an additional 8,983 shares during the last quarter. 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.

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