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

Oracle (NYSE:ORCL - Get Free Report) had its price objective increased by equities research analysts at KeyCorp from $200.00 to $225.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the enterprise software provider's stock. KeyCorp's target price would indicate a potential upside of 12.69% from the stock's current price.

Several other equities analysts also recently commented on ORCL. Westpark Capital upped their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday. Loop Capital set a $135.00 price target on Oracle in a research report on Tuesday. Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 price objective on shares of Oracle in a report on Wednesday. Finally, Cantor Fitzgerald reduced their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.30.

Oracle Stock Performance

Shares of Oracle stock traded up $23.29 during mid-day trading on Thursday, hitting $199.67. 54,558,768 shares of the stock were exchanged, compared to its average volume of 9,567,888. Oracle has a 12 month low of $118.86 and a 12 month high of $202.43. The company has a 50-day simple moving average of $149.60 and a 200 day simple moving average of $160.36. The company has a market capitalization of $558.47 billion, a P/E ratio of 48.82, a P/E/G ratio of 3.46 and a beta of 1.32. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. Oracle's revenue was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Oracle will post 5 earnings per share for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. 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 90 days. 42.20% of the stock is owned by insiders.

Institutional Trading of Oracle

Several institutional investors have recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares during the last quarter. Howard Bailey Securities LLC boosted its stake in shares of Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after purchasing an additional 64 shares during the period. New England Capital Financial Advisors LLC grew its holdings in shares of Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after purchasing an additional 64 shares during the last quarter. Cape ANN Savings Bank increased its stake in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after buying an additional 65 shares during the period. Finally, Greenwood Gearhart Inc. raised its stake in shares of Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after acquiring an additional 66 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.