Brokerages Set Oracle Co. (NYSE:ORCL) PT at $182.73

Shares of Oracle Co. (NYSE:ORCL) have earned a consensus rating of “Moderate Buy” from the thirty research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, seventeen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $182.73.

ORCL has been the topic of a number of research analyst reports. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th.

Oracle Stock Down 1.5 %

Shares of NYSE ORCL opened at $183.59 on Thursday. The stock has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. The stock’s fifty day moving average is $174.41 and its 200 day moving average is $162.49. Oracle has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Sell-side analysts forecast that Oracle will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

Several hedge funds have recently modified their holdings of ORCL. R Squared Ltd acquired a new stake in Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC increased its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Oracle during the 3rd quarter worth approximately $44,000. Synergy Asset Management LLC bought a new position in Oracle in the fourth quarter worth approximately $47,000. Finally, Avondale Wealth Management acquired a new stake in Oracle in the third quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

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.