Oracle (NYSE:ORCL) Price Target Raised to $364.00

Oracle (NYSE:ORCL) had its target price hoisted by Sanford C. Bernstein from $363.00 to $364.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the enterprise software provider’s stock.

A number of other research analysts have also recently commented on the stock. Scotiabank reissued an “outperform” rating on shares of Oracle in a report on Wednesday, September 10th. Westpark Capital upped their price objective on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. KeyCorp upped their price objective on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Piper Sandler upped their price objective on Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, CIBC reaffirmed a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $304.71.

Oracle Stock Down 2.8%

ORCL stock opened at $283.29 on Friday. The stock has a market capitalization of $805.03 billion, a P/E ratio of 65.58, a price-to-earnings-growth ratio of 3.05 and a beta of 1.46. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a 50-day moving average price of $258.19 and a 200-day moving average price of $201.16.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts anticipate that Oracle will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.30%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the sale, the insider directly owned 78,000 shares of the company’s stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,092 shares of company stock worth $32,960,165. Company insiders own 42.20% of the company’s stock.

Institutional Trading of Oracle

Large investors have recently modified their holdings of the stock. Winnow Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $28,000. Kilter Group LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. LGT Financial Advisors LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $33,000. Legend Financial Advisors Inc. bought a new position in shares of Oracle in the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Oracle in the 2nd quarter worth $38,000. 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.