Oracle (NYSE:ORCL) PT Set at $175.00 by Morgan Stanley

Morgan Stanley set a $175.00 price objective on Oracle (NYSE:ORCL) in a research report released on Monday morning, MarketBeat Ratings reports. The firm currently has an equal weight rating on the enterprise software provider’s stock.

ORCL has been the topic of several other reports. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. Jefferies Financial Group increased their target price on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson reduced their target price on Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.78.

Oracle Stock Down 0.6%

Shares of NYSE:ORCL opened at $176.33 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a 52-week low of $118.86 and a 52-week high of $198.31. The stock’s fifty day simple moving average is $149.60 and its 200-day simple moving average is $160.36. The company has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Capital & Planning LLC lifted its holdings in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after purchasing an additional 81 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Oracle in the 4th quarter worth approximately $51,084,000. Revolve Wealth Partners LLC lifted its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Oracle in the 4th quarter worth approximately $2,304,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.