Analysts Set Oracle Co. (NYSE:ORCL) PT at $181.48

Shares of Oracle Co. (NYSE:ORCL) have received a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $181.48.

Several brokerages recently commented on ORCL. Stifel Nicolaus increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th.

Oracle Trading Up 0.2 %

NYSE:ORCL opened at $166.32 on Friday. The firm has a market capitalization of $465.19 billion, a P/E ratio of 40.67, a PEG ratio of 3.39 and a beta of 1.03. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle has a one year low of $102.13 and a one year high of $198.31. The company’s 50-day simple moving average is $178.62 and its 200 day simple moving average is $160.18.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. IFG Advisory LLC bought a new stake in Oracle in the 2nd quarter valued at $427,000. Commonwealth Equity Services LLC lifted its position in shares of Oracle by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 606,076 shares of the enterprise software provider’s stock worth $85,578,000 after buying an additional 17,064 shares in the last quarter. Spire Wealth Management boosted its stake in Oracle by 4.7% during the second quarter. Spire Wealth Management now owns 20,308 shares of the enterprise software provider’s stock valued at $2,868,000 after buying an additional 903 shares during the last quarter. Graypoint LLC grew its holdings in Oracle by 8.4% during the 2nd quarter. Graypoint LLC now owns 13,049 shares of the enterprise software provider’s stock valued at $1,843,000 after buying an additional 1,010 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its stake in Oracle by 90.6% in the 2nd quarter. Confluence Wealth Services Inc. now owns 13,885 shares of the enterprise software provider’s stock worth $1,961,000 after acquiring an additional 6,599 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.