BMO Capital Markets Cuts Oracle (NYSE:ORCL) Price Target to $175.00

by · The Cerbat Gem

Oracle (NYSE:ORCL – Get Free Report) had its target price reduced by analysts at BMO Capital Markets from $205.00 to $175.00 in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a “market perform” rating on the enterprise software provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 17.55% from the company’s current price.

Other equities analysts have also issued reports about the company. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Bank of America lowered their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday. Morgan Stanley cut their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, DA Davidson upped their price objective 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. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.23.

Get Our Latest Stock Analysis on ORCL

Oracle Trading Down 4.1 %

ORCL stock opened at $148.87 on Tuesday. The company has a market capitalization of $416.38 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 has a one year low of $111.18 and a one year high of $198.31. The company’s 50 day moving average price is $167.27 and its two-hundred day moving average price is $169.58.

Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts predict that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the period. McClarren Financial Advisors Inc. increased its position in shares of Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares during the last quarter. RMR Wealth Builders lifted its stake in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in Oracle during the fourth quarter valued at approximately $1,800,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Company Profile

(Get Free Report)

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.

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