Oracle (NYSE:ORCL) Given New $200.00 Price Target at KeyCorp

Oracle (NYSE:ORCL) had its target price raised by KeyCorp from $190.00 to $200.00 in a research report sent to investors on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the enterprise software provider’s stock.

Several other brokerages also recently issued reports on ORCL. Piper Sandler increased their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Stifel Nicolaus upped their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Trading Down 1.8 %

Shares of ORCL stock traded down $3.31 on Friday, reaching $183.74. The company had a trading volume of 8,986,276 shares, compared to its average volume of 8,256,067. The company has a 50-day moving average of $172.14 and a 200-day moving average of $146.60. Oracle has a 12 month low of $99.26 and a 12 month high of $191.77. The stock has a market cap of $509.15 billion, a PE ratio of 47.35, a PEG ratio of 3.49 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. On average, equities analysts forecast that Oracle will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the 2nd quarter worth $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth $44,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle in the second quarter valued at about $40,000. 42.44% of the stock is owned by institutional investors.

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.