Credit Suisse Group set a $60.00 price target on Oracle (NYSE:ORCL) in a report issued on Monday. The brokerage currently has a buy rating on the enterprise software provider’s stock.
Several other research analysts also recently commented on ORCL. Zacks Investment Research downgraded shares of Oracle from a hold rating to a sell rating in a research note on Thursday, November 22nd. Nomura set a $53.00 price target on shares of Oracle and gave the stock a buy rating in a research note on Wednesday, December 12th. Goldman Sachs Group reaffirmed a buy rating and issued a $55.00 price target on shares of Oracle in a research note on Monday, December 17th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $53.00 price target on shares of Oracle in a research note on Tuesday, December 18th. Finally, UBS Group reaffirmed a neutral rating and issued a $51.00 price target on shares of Oracle in a research note on Tuesday, December 18th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. Oracle currently has an average rating of Hold and a consensus target price of $52.12.
Get Oracle alerts:ORCL stock opened at $53.06 on Monday. The stock has a market capitalization of $218.45 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.74 and a beta of 1.09. Oracle has a 12 month low of $42.40 and a 12 month high of $53.47. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 17th. The enterprise software provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The company had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.52 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. On average, equities research analysts expect that Oracle will post 3.07 EPS for the current fiscal year.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $51.51, for a total value of $193,162.50. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,440,683.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 25,000 shares of Oracle stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 102,919 shares in the company, valued at approximately $4,631,355. The disclosure for this sale can be found here. Insiders have sold a total of 42,552 shares of company stock worth $1,945,486 in the last three months. Insiders own 32.00% of the company’s stock.
Several institutional investors have recently modified their holdings of ORCL. Csenge Advisory Group acquired a new stake in Oracle in the 3rd quarter worth approximately $25,000. Massey Quick Simon & CO. LLC boosted its stake in Oracle by 220.9% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 413 shares in the last quarter. Riverview Trust Co acquired a new stake in Oracle in the 4th quarter worth approximately $35,000. Truehand Inc acquired a new stake in Oracle during the 4th quarter valued at approximately $36,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in Oracle during the 4th quarter valued at approximately $36,000. 49.81% of the stock is currently owned by hedge funds and other institutional investors.
About Oracle
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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