Oracle (NYSE:ORCL) Stock Price Expected to Rise, JMP Securities Analyst Says

Oracle (NYSE:ORCL) had its target price hoisted by research analysts at JMP Securities from $315.00 to $342.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “market outperform” rating on the enterprise software provider’s stock. JMP Securities’ price objective would suggest a potential upside of 11.17% from the stock’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. DA Davidson raised their price objective on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada raised their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $245.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $296.84.

Oracle Stock Down 6.3%

ORCL stock opened at $307.64 on Wednesday. Oracle has a one year low of $118.86 and a one year high of $345.72. The stock has a market capitalization of $864.11 billion, a PE ratio of 71.21, a price-to-earnings-growth ratio of 4.91 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The company has a fifty day moving average of $243.59 and a 200-day moving average of $189.52.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the business earned $1.63 EPS. The business’s revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Oracle will post 5 EPS for the current year.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders sold 44,183 shares of company stock valued at $10,353,198 in the last quarter. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Winnow Wealth LLC acquired a new position in Oracle during the second quarter valued at approximately $28,000. Kilter Group LLC acquired a new position in Oracle during the second quarter valued at approximately $30,000. LGT Financial Advisors LLC acquired a new position in Oracle during the second quarter valued at approximately $33,000. Legend Financial Advisors Inc. acquired a new position in Oracle during the second quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC acquired a new position in Oracle during the second quarter valued at approximately $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

About Oracle

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.