Oracle (NYSE:ORCL) Price Target Raised to $186.00 at Citigroup

Oracle (NYSE:ORCL - Get Free Report) had its price target upped by Citigroup from $160.00 to $186.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the enterprise software provider's stock. Citigroup's price objective indicates a potential upside of 4.55% from the company's previous close.

A number of other research analysts have also recently weighed in on the company. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday. DA Davidson cut their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Guggenheim reissued a "buy" rating and set a $220.00 price target on shares of Oracle in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $175.00 to $200.00 and gave the company a "market perform" rating in a research note on Monday. Thirteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.35.

Oracle Price Performance

NYSE:ORCL traded up $3.89 during trading hours on Monday, hitting $177.91. The company's stock had a trading volume of 7,163,160 shares, compared to its average volume of 9,501,745. The company has a market capitalization of $497.60 billion, a PE ratio of 43.51, a PEG ratio of 3.46 and a beta of 1.32. Oracle has a 52-week low of $118.86 and a 52-week high of $198.31. The business's 50-day moving average is $147.20 and its two-hundred day moving average is $160.24. 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 posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. As a group, research analysts anticipate that Oracle will post 5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 in the last quarter. 42.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after purchasing an additional 3,513,464 shares during the last quarter. FMR LLC raised its holdings in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the period. Geode Capital Management LLC boosted its stake in Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. raised its stake in Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

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.

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