Oracle (NYSE:ORCL) Given New $150.00 Price Target at Stifel Nicolaus

Oracle (NYSE:ORCL) had its price target decreased by research analysts at Stifel Nicolaus from $175.00 to $150.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the enterprise software provider’s stock. Stifel Nicolaus’ target price suggests a potential upside of 0.76% from the stock’s current price.

Several other equities research analysts have also issued reports on ORCL. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley increased their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.23.

Oracle Stock Down 4.1 %

Shares of NYSE:ORCL opened at $148.87 on Tuesday. The company has a market cap of $416.38 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 3.46 and a beta of 1.07. Oracle has a one year low of $111.18 and a one year high of $198.31. The firm has a fifty day moving average price of $167.27 and a two-hundred day moving average price of $169.58. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Oracle will post 5 EPS for the current fiscal year.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. boosted its stake in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders grew its position in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Oracle during the fourth quarter valued at approximately $1,800,000. Institutional investors own 42.44% of the company’s stock.

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.