Oracle's (ORCL) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Oracle (NYSE:ORCL - Free Report) in a report released on Wednesday,Benzinga reports. JMP Securities currently has a $205.00 target price on the enterprise software provider's stock.

ORCL has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Up 6.7 %

ORCL traded up $11.61 during trading on Wednesday, hitting $184.18. The company had a trading volume of 47,954,213 shares, compared to its average volume of 13,300,613. Oracle has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $515.14 billion, a PE ratio of 45.03, a P/E/G ratio of 3.16 and a beta of 1.06. The business has a 50-day moving average of $174.54 and a 200-day moving average of $161.90.

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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Oracle will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio (DPR) is 39.12%.

Institutional Investors Weigh In On Oracle

Institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its position in Oracle by 6.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider's stock valued at $13,527,000 after acquiring an additional 6,215 shares in the last quarter. Interval Partners LP bought a new stake in Oracle in the 2nd quarter valued at approximately $819,000. Clear Point Advisors Inc. grew its stake in shares of Oracle by 43.4% during the 2nd quarter. Clear Point Advisors Inc. now owns 558 shares of the enterprise software provider's stock worth $79,000 after acquiring an additional 169 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Oracle by 1.3% in the second quarter. Insigneo Advisory Services LLC now owns 12,306 shares of the enterprise software provider's stock valued at $1,738,000 after purchasing an additional 159 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its holdings in Oracle by 19.7% during the second quarter. Zurich Insurance Group Ltd FI now owns 1,252,122 shares of the enterprise software provider's stock worth $176,800,000 after purchasing an additional 205,817 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

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.