Oracle (NYSE:ORCL – Get Rating) has been assigned a $82.00 target price by investment analysts at Barclays in a research report issued on Tuesday, Borsen Zeitung reports. Barclays‘s price target suggests a potential upside of 12.92% from the company’s current price.
A number of other brokerages have also commented on ORCL. Piper Sandler lowered Oracle from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $100.00 to $70.00 in a research note on Friday, March 11th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Oracle in a research note on Wednesday, March 9th. Cowen lowered their price objective on Oracle from $115.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, March 9th. Jefferies Financial Group lowered their price objective on Oracle from $80.00 to $75.00 in a research note on Monday, May 23rd. Finally, Morgan Stanley raised their price objective on Oracle from $87.00 to $88.00 and gave the company an “equal weight” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Hold” and an average target price of $91.74.
Shares of NYSE ORCL traded down $0.35 during mid-day trading on Tuesday, reaching $72.62. The company’s stock had a trading volume of 182,354 shares, compared to its average volume of 7,492,159. The firm has a market capitalization of $193.76 billion, a PE ratio of 27.82, a P/E/G ratio of 2.02 and a beta of 0.87. The stock has a fifty day moving average of $75.38 and a two-hundred day moving average of $81.41. Oracle has a 52 week low of $66.72 and a 52 week high of $106.34.
Oracle (NYSE:ORCL – Get Rating) last announced its quarterly earnings results on Thursday, March 10th. The enterprise software provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.06). Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The firm had revenue of $10.51 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the company posted $1.03 earnings per share. Oracle’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle will post 4.01 EPS for the current fiscal year.
In other Oracle news, Director Renee Jo James sold 6,000 shares of the firm’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $84.11, for a total transaction of $504,660.00. Following the transaction, the director now directly owns 41,886 shares in the company, valued at approximately $3,523,031.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.40% of the company’s stock.
Large investors have recently made changes to their positions in the company. OLD Mission Capital LLC acquired a new stake in shares of Oracle in the 3rd quarter worth $225,000. Ironwood Wealth Management LLC. boosted its position in shares of Oracle by 19.0% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 5,336 shares of the enterprise software provider’s stock worth $415,000 after purchasing an additional 852 shares in the last quarter. Morgan Stanley boosted its position in shares of Oracle by 12.1% in the 2nd quarter. Morgan Stanley now owns 12,477,054 shares of the enterprise software provider’s stock worth $971,213,000 after purchasing an additional 1,342,602 shares in the last quarter. Keudell Morrison Wealth Management boosted its position in shares of Oracle by 1.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 10,860 shares of the enterprise software provider’s stock worth $946,000 after purchasing an additional 152 shares in the last quarter. Finally, EagleClaw Capital Managment LLC boosted its position in shares of Oracle by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 52,637 shares of the enterprise software provider’s stock worth $4,585,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 42.33% of the company’s stock.
Oracle Company Profile (Get Rating)
Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.
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