BMO Capital Markets Increases Oracle (NYSE:ORCL) Price Target to $245.00

Oracle (NYSE:ORCL - Get Free Report) had its price target raised by analysts at BMO Capital Markets from $235.00 to $245.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has an "outperform" rating on the enterprise software provider's stock. BMO Capital Markets' target price indicates a potential upside of 3.21% from the stock's previous close.

ORCL has been the subject of several other research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. UBS Group set a $250.00 target price on Oracle and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Finally, CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Price Performance

Shares of NYSE ORCL traded up $7.41 during mid-day trading on Wednesday, reaching $237.39. The company's stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The stock has a 50-day moving average of $176.16 and a two-hundred day moving average of $163.79. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $666.79 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.44 and a beta of 1.39. Oracle has a 1-year low of $118.86 and a 1-year high of $237.99.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Oracle will post 5 EPS for the current fiscal year.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director owned 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 over the last ninety days. Company insiders own 42.20% of the company's stock.

Institutional Trading of Oracle

Hedge funds have recently modified their holdings of the stock. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at approximately $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.