Oracle (NYSE:ORCL) Price Target Raised to $195.00 at The Goldman Sachs Group

Oracle (NYSE:ORCL - Free Report) had its target price lifted by The Goldman Sachs Group from $145.00 to $195.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the enterprise software provider's stock.

A number of other analysts have also recently issued reports on ORCL. DA Davidson raised their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday. JMP Securities raised their price objective on Oracle from $205.00 to $240.00 and gave the company a "market outperform" rating in a research report on Thursday. BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $200.00 to $235.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Oracle from $200.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Citigroup increased their target price on Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $194.32.

Oracle Stock Up 7.8%

NYSE ORCL traded up $15.68 during trading hours on Friday, hitting $215.54. 53,639,099 shares of the company traded hands, compared to its average volume of 9,727,755. The business's 50-day moving average is $151.06 and its 200-day moving average is $160.44. Oracle has a twelve month low of $118.86 and a twelve month high of $216.46. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $602.86 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 analysts' expectations of $15.58 billion. During the same period last year, the firm posted $1.63 earnings per share. The business'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 year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. 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 business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 427,366 shares of company stock valued at $80,183,723. Corporate insiders own 42.20% of the company's stock.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle during the 4th quarter worth $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle during the 4th quarter worth $33,000. Institutional investors own 42.44% of the company's stock.

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.