Jefferies Financial Group Boosts Oracle (NYSE:ORCL) Price Target to $200.00

Oracle (NYSE:ORCL) had its price target upped by analysts at Jefferies Financial Group from $190.00 to $200.00 in a report released on Monday, Marketbeat reports. The firm presently has a “buy” rating on the enterprise software provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 12.61% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. BMO Capital Markets upped their price target on Oracle from $175.00 to $200.00 and gave the company a “market perform” rating in a research report on Monday. Cantor Fitzgerald dropped their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of Oracle in a research report on Thursday, June 5th. Thirteen analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.78.

Oracle Stock Up 0.3%

ORCL stock opened at $177.61 on Monday. The stock’s fifty day simple moving average is $148.64 and its two-hundred day simple moving average is $160.25. 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 has a 1-year low of $118.86 and a 1-year high of $198.31. The stock has a market cap of $496.77 billion, a P/E ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 analysts’ expectations of $14.40 billion. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Oracle will post 5 EPS for the current year.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oracle

Several institutional investors have recently modified their holdings of ORCL. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new stake in Oracle during the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC purchased a new stake in Oracle during the 4th quarter valued at about $33,000. 42.44% of the stock is currently owned by institutional investors.

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.