Oracle (NYSE:ORCL) Price Target Raised to $175.00 at Morgan Stanley

Oracle (NYSE:ORCL - Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $160.00 to $175.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the enterprise software provider's stock. Morgan Stanley's target price would suggest a potential downside of 1.99% from the company's current price.

Several other equities analysts have also recently issued reports on ORCL. Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen cut Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Cantor Fitzgerald decreased their price target on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Westpark Capital began coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 target price on the stock. Finally, Stifel Nicolaus decreased their price objective on Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.35.

Oracle Trading Up 2.6%

Oracle stock traded up $4.54 during trading hours on Monday, hitting $178.56. The stock had a trading volume of 5,531,958 shares, compared to its average volume of 9,495,189. The business's 50 day simple moving average is $147.20 and its 200-day simple moving average is $160.24. Oracle has a one year low of $118.86 and a one year high of $198.31. The stock has a market cap of $499.41 billion, a price-to-earnings ratio of 43.65, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 prior year, the company earned $1.41 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Oracle will post 5 EPS for the current fiscal year.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated 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 sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% of the company's stock.

Hedge Funds Weigh In On Oracle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital & Planning LLC increased its stake in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC grew its position in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle in the fourth quarter worth $51,084,000. Revolve Wealth Partners LLC raised its position in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Oracle in the fourth quarter valued at $2,304,000. Hedge funds and other 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.

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