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

Oracle (NYSE:ORCL) had its target price boosted by research analysts at KeyCorp from $200.00 to $225.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the enterprise software provider’s stock. KeyCorp’s price target suggests a potential upside of 4.39% from the stock’s current price.

Several other equities research analysts have also commented on ORCL. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday. Guggenheim reiterated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research report on Thursday, June 5th. Wall Street Zen lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.32.

Oracle Price Performance

Shares of NYSE ORCL opened at $215.54 on Thursday. The firm has a market capitalization of $602.86 billion, a P/E ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. Oracle has a one year low of $118.86 and a one year high of $216.60. The company’s fifty day moving average is $152.88 and its two-hundred day moving average is $160.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued 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. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. Analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred 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 sale, the director now directly 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 427,366 shares of company stock valued at $80,183,723 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Institutional Trading of Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Optima Capital LLC grew its position in Oracle by 17.8% in the first quarter. Optima Capital LLC now owns 5,072 shares of the enterprise software provider’s stock valued at $709,000 after acquiring an additional 767 shares in the last quarter. 1248 Management LLC grew its position in Oracle by 501.9% in the first quarter. 1248 Management LLC now owns 30,198 shares of the enterprise software provider’s stock valued at $4,222,000 after acquiring an additional 25,181 shares in the last quarter. Cim LLC grew its position in Oracle by 4.8% in the first quarter. Cim LLC now owns 2,204 shares of the enterprise software provider’s stock valued at $308,000 after acquiring an additional 100 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in Oracle by 19.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 720 shares of the enterprise software provider’s stock valued at $101,000 after acquiring an additional 119 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new stake in Oracle in the first quarter valued at approximately $280,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.