Oracle (NYSE:ORCL) Given New $350.00 Price Target at Stifel Nicolaus

Oracle (NYSE:ORCL) had its price target upped by Stifel Nicolaus from $250.00 to $350.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the enterprise software provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 44.83% from the company’s previous close.

ORCL has been the topic of a number of other research reports. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Cowen reiterated a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Roth Capital reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.52.

Oracle Trading Up 1.3%

ORCL opened at $241.67 on Wednesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The firm has a market capitalization of $678.81 billion, a PE ratio of 55.68, a P/E/G ratio of 3.56 and a beta of 1.46. The company’s 50-day moving average is $240.23 and its 200 day moving average is $187.60.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Oracle will post 5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 in the last 90 days. 42.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Redmont Wealth Advisors LLC purchased a new stake in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the 1st quarter worth approximately $28,000. Winnow Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in Oracle in the 4th quarter worth approximately $30,000. 42.44% of the stock is owned by institutional investors.

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.