Oracle (NYSE:ORCL) Receives New Coverage from Analysts at Oppenheimer

Stock analysts at Oppenheimer began coverage on shares of Oracle (NYSE:ORCL) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “market perform” rating on the enterprise software provider’s stock.

Several other research firms also recently commented on ORCL. Piper Sandler dropped their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Down 1.6 %

Shares of NYSE ORCL opened at $118.67 on Thursday. The firm has a market cap of $326.16 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle has a 52-week low of $93.29 and a 52-week high of $132.77. The business’s 50 day moving average is $119.28 and its two-hundred day moving average is $112.78.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Research analysts predict that Oracle will post 4.44 EPS for the current year.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sandy Spring Bank grew its position in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares during the period. LVM Capital Management Ltd. MI grew its position in Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares during the period. Quantum Private Wealth LLC acquired a new position in Oracle during the third quarter worth about $229,000. Cooper Financial Group grew its position in shares of Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $171,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

About Oracle

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.