BMO Capital Markets Increases Oracle (NYSE:ORCL) Price Target to $200.00

Oracle (NYSE:ORCL - Get Free Report) had its price target increased by analysts at BMO Capital Markets from $175.00 to $200.00 in a research report issued on Monday,Briefing.com Automated Import reports. The firm presently has a "market perform" rating on the enterprise software provider's stock. BMO Capital Markets' price target indicates a potential upside of 14.80% from the stock's current price.

A number of other research analysts have also issued reports on ORCL. Jefferies Financial Group reduced their target price on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and set a $220.00 price target on shares of Oracle in a research report on Thursday. Finally, UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.38.

Oracle Stock Performance

NYSE ORCL opened at $174.22 on Monday. The business has a 50 day moving average price of $147.20 and a 200 day moving average price of $160.24. The company has a market capitalization of $487.29 billion, a P/E ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. Oracle has a 1-year low of $118.86 and a 1-year high of $198.31. 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 (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Oracle will post 5 EPS for the current fiscal year.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the company's 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 in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the 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 completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC raised its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $30,000. Finally, Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors 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.

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