Oracle (NYSE:ORCL) Price Target Raised to $350.00

Key Points

• Stifel Nicolaus has raised its price target for Oracle (NYSE: ORCL) from $250.00 to $350.00, reflecting a potential upside of 44.83% from the stock's previous close.
• Oracle reported earnings of $1.70 per share for the last quarter, exceeding analysts' estimates, with revenue of $15.90 billion, an 11.3% increase year-over-year.
• Currently, the stock carries a consensus rating of "Moderate Buy", with two analysts rating it as a Strong Buy and 25 as Buy, while 42.44% of shares are owned by institutional investors.

Oracle (NYSE:ORCL - Get Free Report) had its target price upped by equities researchers at Stifel Nicolaus from $250.00 to $350.00 in a report issued on Wednesday, Marketbeat.com reports. The firm presently has a "buy" rating on the enterprise software provider's stock. Stifel Nicolaus' price objective would suggest a potential upside of 19.83% from the stock's previous close.

A number of other analysts have also recently weighed in on ORCL. BMO Capital Markets increased their target price on shares of Oracle from $245.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday. Barclays increased their price objective on shares of Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Mizuho increased their price objective on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Finally, Wolfe Research raised their target price on shares of Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday. 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $296.84.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $15.79 on Wednesday, reaching $292.07. 51,618,969 shares of the company's stock were exchanged, compared to its average volume of 20,941,788. The firm has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46. Oracle has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The business's 50-day moving average is $244.69 and its two-hundred day moving average is $190.37. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last issued 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. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. As a group, equities research analysts forecast that Oracle will post 5 EPS for the current year.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is currently owned by company insiders.

Institutional Trading of Oracle

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Oracle by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider's stock worth $35,916,290,000 after buying an additional 3,353,461 shares during the period. State Street Corp lifted its stake in Oracle by 1.7% during the second quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider's stock worth $16,060,427,000 after purchasing an additional 1,252,723 shares during the period. Northern Trust Corp boosted its stake in Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after buying an additional 120,889 shares in the last quarter. Norges Bank bought a new stake in Oracle in the second quarter valued at $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock worth $1,941,195,000 after acquiring an additional 59,164 shares in the last quarter. 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.