Oracle (NYSE:ORCL) Earns Market Perform Rating from Analysts at Oppenheimer

Equities researchers at Oppenheimer began coverage on shares of Oracle (NYSE:ORCL - Get Free Report) in a report issued on Thursday, MarketBeat Ratings reports. The firm set a "market perform" rating on the enterprise software provider's stock.

Other research analysts have also recently issued reports about the stock. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Piper Sandler lowered their price target on shares of Oracle from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, January 2nd. StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a report on Thursday, March 21st. Erste Group Bank reaffirmed a "hold" rating on shares of Oracle in a report on Friday, December 22nd. Finally, Argus raised shares of Oracle from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $130.76.

Oracle Stock Performance

NYSE:ORCL traded down $2.74 during mid-day trading on Thursday, hitting $115.93. The stock had a trading volume of 6,657,569 shares, compared to its average volume of 8,598,674. Oracle has a twelve month low of $93.29 and a twelve month high of $132.77. The stock has a market cap of $318.63 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.33 and a beta of 1.01. The company's 50 day simple moving average is $119.27 and its 200 day simple moving average is $112.80. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the business posted $0.96 EPS. Oracle's revenue was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Oracle will post 4.44 earnings per share for the current year.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 42.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oracle

Hedge funds have recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Oracle during the third quarter worth $25,000. Westend Capital Management LLC bought a new position in Oracle during the first quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock worth $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in Oracle in the third quarter valued at $27,000. Finally, Tidemark LLC bought a new stake in Oracle in the fourth quarter valued at $29,000. Institutional investors 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.