Morgan Stanley Analysts Give Oracle (NYSE:ORCL) a $175.00 Price Target

Morgan Stanley set a $175.00 price target on Oracle (NYSE:ORCL) in a report issued on Monday, Marketbeat Ratings reports. The firm currently has an equal weight rating on the enterprise software provider’s stock.

Other analysts also recently issued reports about the company. Bank of America cut their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Barclays dropped their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective for the company. Piper Sandler reiterated a “neutral” rating and issued a $130.00 price objective (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their target price on Oracle from $175.00 to $200.00 and gave the stock a “market perform” rating in a research note on Monday. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.78.

Oracle Trading Down 0.6%

Shares of ORCL stock opened at $176.33 on Monday. The stock’s fifty day moving average is $149.60 and its two-hundred day moving average is $160.36. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $493.20 billion, a P/E ratio of 43.11, a PEG ratio of 3.46 and a beta of 1.32. Oracle has a fifty-two week low of $118.86 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the company earned $1.63 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts expect that Oracle will post 5 earnings per share for the current fiscal year.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 over the last 90 days. 42.20% of the stock is currently owned by insiders.

Institutional Trading of Oracle

Several large investors have recently bought and sold shares of the company. Cookson Peirce & Co. Inc. grew its holdings in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. Warther Private Wealth LLC grew its holdings in Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after purchasing an additional 63 shares during the last quarter. Howard Bailey Securities LLC grew its holdings in Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after purchasing an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after purchasing an additional 64 shares during the last quarter. Finally, Cape ANN Savings Bank lifted its position in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.