Oracle (NYSE:ORCL) Given New $200.00 Price Target at BMO Capital Markets

Oracle (NYSE:ORCL) had its price objective hoisted by BMO Capital Markets from $175.00 to $200.00 in a report issued on Monday, Marketbeat Ratings reports. BMO Capital Markets currently has a market perform rating on the enterprise software provider’s stock.

ORCL has been the subject of a number of other research reports. Barclays reduced their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. KeyCorp reiterated an “overweight” rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Finally, Morgan Stanley dropped their target price on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.78.

Oracle Stock Down 0.6%

ORCL opened at $176.33 on Monday. The stock’s fifty day simple moving average is $149.60 and its 200 day simple moving average is $160.36. Oracle has a 1-year low of $118.86 and a 1-year high of $198.31. The stock has a market cap of $493.20 billion, a PE ratio of 43.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 over the last quarter. 42.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Oracle

A number of hedge funds have recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter worth approximately $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle during the 4th quarter valued at $33,000. 42.44% of the stock is currently owned by 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.