Oracle (NYSE:ORCL) had its target price increased by investment analysts at Raymond James from $54.00 to $57.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the enterprise software provider’s stock. Raymond James’ price objective would indicate a potential upside of 7.30% from the stock’s current price.

Other research analysts have also issued reports about the company. Sanford C. Bernstein reissued a “buy” rating and issued a $57.00 price objective on shares of Oracle in a research report on Tuesday, December 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research report on Wednesday. BMO Capital Markets lowered Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price objective on the stock. in a research report on Friday. UBS Group raised their price objective on Oracle to $54.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wedbush reissued a “neutral” rating and issued a $52.00 price objective (up from $49.00) on shares of Oracle in a research report on Friday. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.77.

Shares of ORCL traded up $0.07 during trading hours on Friday, hitting $53.12. The stock had a trading volume of 1,363,821 shares, compared to its average volume of 15,100,997. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $218.57 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Oracle has a 12-month low of $42.40 and a 12-month high of $53.47.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Sell-side analysts predict that Oracle will post 3.07 earnings per share for the current year.

In related news, EVP Dorian Daley sold 6,302 shares of Oracle stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $43.24, for a total value of $272,498.48. Following the completion of the transaction, the executive vice president now directly owns 77,919 shares in the company, valued at $3,369,217.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,298,320.98. The disclosure for this sale can be found here. Insiders have sold 42,552 shares of company stock valued at $1,945,486 over the last 90 days. Insiders own 32.00% of the company’s stock.

A number of large investors have recently bought and sold shares of ORCL. Keel Point LLC acquired a new position in Oracle in the third quarter worth about $227,000. Sather Financial Group Inc lifted its holdings in Oracle by 0.6% in the third quarter. Sather Financial Group Inc now owns 193,457 shares of the enterprise software provider’s stock worth $9,974,000 after acquiring an additional 1,100 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Oracle by 26.0% in the third quarter. Edgestream Partners L.P. now owns 17,234 shares of the enterprise software provider’s stock worth $889,000 after acquiring an additional 3,556 shares during the last quarter. Destination Wealth Management lifted its holdings in Oracle by 5.3% in the third quarter. Destination Wealth Management now owns 487,684 shares of the enterprise software provider’s stock worth $25,145,000 after acquiring an additional 24,389 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new position in Oracle in the third quarter worth about $222,000. Institutional investors and hedge funds own 46.80% of the company’s stock.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Analyst Recommendations for Oracle (NYSE:ORCL)

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