Oracle (NYSE:ORCL) Downgraded by Monness Crespi & Hardt to “Sell”

Oracle (NYSE:ORCL) was downgraded by investment analysts at Monness Crespi & Hardt from a “neutral” rating to a “sell” rating in a report issued on Friday, MarketBeat.com reports. They presently have a $130.00 price objective on the enterprise software provider’s stock. Monness Crespi & Hardt’s target price would suggest a potential downside of 22.98% from the company’s previous close.

Several other brokerages have also recently weighed in on ORCL. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

Shares of ORCL stock opened at $168.79 on Friday. The firm has a market capitalization of $472.10 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 3.39 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The business’s 50-day moving average price is $179.95 and its 200-day moving average price is $157.05. Oracle has a 12 month low of $101.74 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Oracle will post 5.03 EPS for the current year.

Institutional Investors Weigh In On Oracle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Solutions Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth approximately $217,000. SMART Wealth LLC purchased a new position in shares of Oracle during the third quarter valued at approximately $786,000. Lord Abbett & CO. LLC grew its holdings in Oracle by 84.5% during the third quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock worth $147,206,000 after buying an additional 395,613 shares in the last quarter. Legacy Wealth Management LLC MS raised its position in Oracle by 125.7% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 3,879 shares of the enterprise software provider’s stock valued at $661,000 after buying an additional 2,160 shares during the last quarter. Finally, DGS Capital Management LLC lifted its stake in Oracle by 6.6% during the 3rd quarter. DGS Capital Management LLC now owns 6,486 shares of the enterprise software provider’s stock valued at $1,105,000 after acquiring an additional 399 shares in the last quarter. 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.