Jefferies Financial Group Issues Positive Forecast for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL - Get Free Report) had its price objective hoisted by stock analysts at Jefferies Financial Group from $190.00 to $200.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the enterprise software provider's stock. Jefferies Financial Group's price target points to a potential upside of 12.34% from the stock's previous close.

A number of other research analysts have also issued reports on the stock. Bank of America cut their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Piper Sandler restated a "neutral" rating and set a $130.00 price target (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. DA Davidson cut their price target on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Barclays cut their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.77.

Oracle Stock Up 2.3%

Shares of NYSE ORCL traded up $4.01 during trading hours on Monday, hitting $178.03. 4,632,732 shares of the stock were exchanged, compared to its average volume of 10,686,855. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $497.93 billion, a PE ratio of 43.53, a PEG ratio of 3.46 and a beta of 1.32. The firm has a fifty day moving average price of $147.20 and a 200-day moving average price of $160.24. Oracle has a 12 month low of $118.86 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 EPS. On average, sell-side analysts expect that Oracle will post 5 EPS for the current year.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Institutional Investors Weigh In On Oracle

A number of hedge funds have recently modified their holdings of ORCL. McClarren Financial Advisors Inc. increased its position in Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. Cornerstone Advisory LLC increased its position in shares of Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new stake in shares of Oracle during the fourth quarter valued at about $211,000. AFT Forsyth & Company Inc. increased its position in shares of Oracle by 32.7% during the fourth quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock valued at $1,123,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Certuity LLC increased its position in shares of Oracle by 28.9% during the fourth quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock valued at $1,302,000 after acquiring an additional 1,753 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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