UBS Group Cuts Oracle (NYSE:ORCL) Price Target to $200.00

by · The Cerbat Gem

Oracle (NYSE:ORCL – Free Report) had its price objective lowered by UBS Group from $210.00 to $200.00 in a research report sent to investors on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the enterprise software provider’s stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group upped their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets cut their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Guggenheim reaffirmed a “buy” rating and set a $220.00 price objective on shares of Oracle in a research report on Wednesday, March 5th. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Get Our Latest Stock Report on Oracle

Oracle Trading Down 2.3 %

NYSE ORCL opened at $147.41 on Tuesday. Oracle has a 12 month low of $112.78 and a 12 month high of $198.31. The company’s 50-day moving average price is $166.14 and its 200-day moving average price is $169.34. The stock has a market cap of $412.30 billion, a PE ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. Equities research analysts forecast that Oracle will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. Oracle’s payout ratio is presently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ORCL. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter valued at about $25,000. Sunbeam Capital Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $30,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% in the fourth 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. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $33,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

About Oracle

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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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