Piper Sandler Reiterates "Neutral" Rating for Oracle (NYSE:ORCL)

Oracle (NYSE:ORCL - Get Free Report)'s stock had its "neutral" rating restated by Piper Sandler in a report issued on Wednesday, Marketbeat.com reports. They currently have a $130.00 price objective on the enterprise software provider's stock. Piper Sandler's price objective suggests a potential upside of 2.20% from the company's current price.

ORCL has been the topic of several other reports. DA Davidson lowered their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a "sector perform" rating in a research note on Tuesday, March 11th. Westpark Capital assumed coverage on Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 target price for the company. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, BMO Capital Markets cut their price objective on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Up 3.6 %

ORCL stock opened at $127.20 on Wednesday. The stock has a market cap of $355.77 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. 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 fifty day moving average price of $148.93 and a two-hundred day moving average price of $165.72. Oracle has a one year low of $112.78 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities analysts anticipate that Oracle will post 5 EPS for the current year.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 352,174 shares of company stock valued at $64,990,957 in the last three months. Insiders own 42.20% of the company's stock.

Institutional Investors Weigh In On Oracle

Several large investors have recently modified their holdings of the company. Petros Family Wealth LLC lifted its stake in shares of Oracle by 10.9% in the 1st quarter. Petros Family Wealth LLC now owns 3,325 shares of the enterprise software provider's stock valued at $465,000 after purchasing an additional 328 shares during the period. Embree Financial Group increased its holdings in Oracle by 17.7% in the first quarter. Embree Financial Group now owns 2,870 shares of the enterprise software provider's stock worth $401,000 after purchasing an additional 431 shares in the last quarter. Spirepoint Private Client LLC lifted its stake in Oracle by 1.6% in the first quarter. Spirepoint Private Client LLC now owns 9,695 shares of the enterprise software provider's stock valued at $1,355,000 after buying an additional 156 shares during the period. Legacy Advisors LLC boosted its holdings in shares of Oracle by 2.0% during the 1st quarter. Legacy Advisors LLC now owns 12,123 shares of the enterprise software provider's stock worth $1,695,000 after buying an additional 238 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC grew its position in shares of Oracle by 59.8% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 7,367 shares of the enterprise software provider's stock worth $1,030,000 after buying an additional 2,756 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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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