Mizuho Boosts Oracle (NYSE:ORCL) Price Target to $170.00

Oracle (NYSE:ORCLFree Report) had its price target increased by Mizuho from $160.00 to $170.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a buy rating on the enterprise software provider’s stock.

Several other brokerages have also recently issued reports on ORCL. DA Davidson reissued a neutral rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a buy rating in a research report on Wednesday, March 13th. Piper Sandler increased their target price on Oracle from $140.00 to $150.00 and gave the company an overweight rating in a research report on Wednesday, June 12th. KeyCorp increased their target price on Oracle from $150.00 to $165.00 and gave the company an overweight rating in a research report on Wednesday, June 12th. Finally, Citigroup dropped their target price on Oracle from $133.00 to $128.00 and set a neutral rating on the stock in a research report on Monday, June 10th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of Moderate Buy and a consensus target price of $144.79.

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Oracle Price Performance

Shares of Oracle stock opened at $144.64 on Monday. The stock has a 50 day moving average of $122.26 and a 200 day moving average of $116.69. Oracle has a 12 month low of $99.26 and a 12 month high of $145.06. The firm has a market cap of $397.54 billion, a PE ratio of 38.99, a PEG ratio of 2.53 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the company earned $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts expect that Oracle will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insider Transactions at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. In the last 90 days, insiders sold 880,000 shares of company stock valued at $110,488,150. Insiders own 42.80% of the company’s stock.

Institutional Trading of Oracle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth approximately $25,000. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth approximately $27,000. Tidemark LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $29,000. Finally, Nordwand Advisors LLC acquired a new stake in shares of Oracle during the fourth quarter valued at approximately $30,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Company Profile

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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.

Further Reading

Analyst Recommendations for Oracle (NYSE:ORCL)

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