Oracle Co. (ORCL) Receives $53.29 Consensus Target Price from Brokerages

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Oracle Co. (NYSE:ORCL) has been given a consensus recommendation of “Hold” by the thirty research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $53.54.

Several equities analysts recently commented on the stock. DZ Bank reaffirmed a “sell” rating on shares of Oracle in a research report on Tuesday, March 19th. Nomura reaffirmed a “reduce” rating and set a $42.00 price target (down previously from $53.00) on shares of Oracle in a research report on Monday, March 11th. Royal Bank of Canada upped their price target on shares of Oracle to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, March 15th. Raymond James upped their price target on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, UBS Group upped their price target on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th.

In other news, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the completion of the sale, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 125,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $52.84, for a total transaction of $6,605,000.00. The disclosure for this sale can be found here. Insiders sold 2,473,750 shares of company stock valued at $133,883,350 in the last three months. Company insiders own 32.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC boosted its stake in Oracle by 220.9% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after acquiring an additional 413 shares during the last quarter. GWM Advisors LLC boosted its stake in Oracle by 56.9% during the 1st quarter. GWM Advisors LLC now owns 42,213 shares of the enterprise software provider’s stock valued at $27,000 after acquiring an additional 15,316 shares during the last quarter. Advisory Alpha LLC bought a new position in Oracle during the 1st quarter valued at $29,000. Investors Research Corp bought a new position in Oracle during the 1st quarter valued at $30,000. Finally, Riverview Trust Co bought a new position in Oracle during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 43.89% of the company’s stock.

Shares of NYSE:ORCL traded down $0.31 during trading on Monday, reaching $52.77. The stock had a trading volume of 9,090,777 shares, compared to its average volume of 9,800,129. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $218.45 billion, a PE ratio of 18.71, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle has a fifty-two week low of $42.40 and a fifty-two week high of $55.53.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The company’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Oracle will post 3.08 earnings per share for the current fiscal year.

Oracle Company Profile

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.

See Also: Bear Market

Analyst Recommendations for Oracle (NYSE:ORCL)

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