Oracle (ORCL) Price Target Raised to $54.00

Oracle (NYSE:ORCL) had its target price hoisted by analysts at UBS Group to $54.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has a “neutral” rating on the enterprise software provider’s stock. UBS Group’s price objective suggests a potential upside of 1.79% from the stock’s current price.

ORCL has been the subject of several other research reports. Nomura reaffirmed a “reduce” rating and issued a $42.00 target price (down previously from $53.00) on shares of Oracle in a research report on Monday. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Royal Bank of Canada boosted their price target on Oracle to $55.00 in a research report on Tuesday, December 18th. Standpoint Research lowered Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $57.00 price target on shares of Oracle in a research note on Tuesday, December 18th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Oracle has an average rating of “Hold” and an average target price of $52.55.

Shares of NYSE ORCL opened at $53.05 on Friday. The company has a market capitalization of $218.57 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle has a 12-month low of $42.40 and a 12-month high of $53.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the firm earned $0.83 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, research analysts forecast that Oracle will post 3.07 earnings per share for the current year.

In other Oracle news, EVP Dorian Daley sold 6,302 shares of the company’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $43.24, for a total transaction of $272,498.48. Following the completion of the sale, the executive vice president now owns 77,919 shares in the company, valued at approximately $3,369,217.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $46.42, for a total transaction of $174,075.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,298,320.98. The disclosure for this sale can be found here. Insiders have sold a total of 42,552 shares of company stock valued at $1,945,486 in the last quarter. Corporate insiders own 32.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Oracle in the 4th quarter valued at $1,235,719,000. Oregon Public Employees Retirement Fund increased its position in shares of Oracle by 4,197.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,616,969 shares of the enterprise software provider’s stock valued at $302,000 after buying an additional 13,300,077 shares in the last quarter. Matthew Goff Investment Advisor LLC increased its position in shares of Oracle by 4,306.0% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,431,102 shares of the enterprise software provider’s stock valued at $123,266,000 after buying an additional 5,307,836 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 13.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after buying an additional 3,393,152 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Oracle by 20.1% in the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock valued at $1,029,110,000 after buying an additional 3,340,653 shares in the last quarter. Institutional investors own 46.80% of the company’s stock.

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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