Oracle (NYSE:ORCL) Rating Reiterated by Piper Sandler

Oracle (NYSE:ORCL)‘s stock had its “overweight” rating restated by equities researchers at Piper Sandler in a research report issued on Friday, Benzinga reports. They presently have a $150.00 target price on the enterprise software provider’s stock. Piper Sandler’s price objective points to a potential upside of 3.61% from the company’s previous close.

ORCL has been the topic of several other reports. BMO Capital Markets boosted their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, Citigroup decreased their target price on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Performance

ORCL opened at $144.77 on Friday. The business has a 50 day moving average price of $130.88 and a two-hundred day moving average price of $120.80. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market capitalization of $398.97 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. Oracle has a 1-year low of $99.26 and a 1-year high of $145.79.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 EPS. Research analysts predict that Oracle will post 5.01 EPS for the current fiscal year.

Insider Transactions at Oracle

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Insiders sold a total of 812,500 shares of company stock worth $113,578,574 over the last three months. 42.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oracle

Several institutional investors and hedge funds have recently bought and sold shares of ORCL. Westend Capital Management LLC acquired a new position in Oracle in the first quarter worth about $25,000. Tidemark LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Oracle in the 1st quarter valued at $36,000. 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.