Oracle (NYSE:ORCL) Price Target Raised to $186.00 at Citigroup

Oracle (NYSE:ORCL) had its target price boosted by equities research analysts at Citigroup from $160.00 to $186.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the enterprise software provider’s stock. Citigroup’s target price would suggest a potential upside of 4.72% from the company’s current price.

A number of other research firms also recently commented on ORCL. JPMorgan Chase & Co. cut their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Morgan Stanley increased their target price on Oracle from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday. Piper Sandler reiterated a “neutral” rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, CIBC reiterated a “buy” rating on shares of Oracle in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.78.

Oracle Stock Performance

Oracle stock opened at $177.61 on Monday. The stock’s 50-day moving average is $148.64 and its 200-day moving average is $160.25. The company has a market cap of $496.77 billion, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle has a 12 month low of $118.86 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 firm had revenue of $14.13 billion during 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 for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 earnings per share. Equities analysts anticipate that Oracle will post 5 earnings per share for the current year.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last quarter. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. FMR LLC lifted its stake in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after buying an additional 156,269 shares during the last quarter. Geode Capital Management LLC lifted its stake in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after buying an additional 619,619 shares during the last quarter. Franklin Resources Inc. lifted its stake in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after buying an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after buying an additional 120,889 shares during the last quarter. 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.