Barclays Analysts Give Oracle (NYSE:ORCL) a $82.00 Price Target

Posted by on Jun 7th, 2022

Oracle (NYSE:ORCL – Get Rating) has been given a $82.00 target price by analysts at Barclays in a research report issued on Tuesday, June 7th, Borsen Zeitung reports. Barclays‘s price objective suggests a potential upside of 17.80% from the stock’s current price.

ORCL has been the topic of a number of other research reports. Morgan Stanley boosted their target price on Oracle from $87.00 to $88.00 and gave the company an “equal weight” rating in a research report on Monday, June 6th. BMO Capital Markets cut their target price on Oracle from $115.00 to $92.00 and set a “market perform” rating on the stock in a research report on Friday, March 11th. Jefferies Financial Group cut their target price on Oracle from $80.00 to $75.00 in a research report on Monday, May 23rd. Credit Suisse Group set a $115.00 target price on Oracle in a research report on Friday, March 11th. Finally, Stifel Nicolaus cut their target price on Oracle from $87.00 to $83.00 in a research report on Friday, March 11th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Hold” and an average price target of $90.48.

ORCL opened at $69.61 on Tuesday. Oracle has a one year low of $63.76 and a one year high of $106.34. The stock has a market capitalization of $185.73 billion, a PE ratio of 24.54, a P/E/G ratio of 1.89 and a beta of 0.87. The business’s 50 day moving average price is $73.94 and its 200 day moving average price is $80.55.

Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The firm had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Oracle will post 3.99 earnings per share for the current year.

In related news, Director Renee Jo James sold 6,000 shares of the stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the transaction, the director now directly owns 41,886 shares of the company’s stock, valued at $3,523,031.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 43.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. increased its stake in shares of Oracle by 3.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 88,837 shares of the enterprise software provider’s stock worth $7,748,000 after purchasing an additional 3,345 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Oracle by 14.6% during the 3rd quarter. Cetera Advisors LLC now owns 31,914 shares of the enterprise software provider’s stock worth $2,781,000 after purchasing an additional 4,067 shares in the last quarter. Stonnington Group LLC increased its stake in shares of Oracle by 608.5% during the 4th quarter. Stonnington Group LLC now owns 29,253 shares of the enterprise software provider’s stock worth $2,588,000 after purchasing an additional 25,124 shares in the last quarter. Putnam Investments LLC increased its stake in shares of Oracle by 0.7% during the 3rd quarter. Putnam Investments LLC now owns 4,469,242 shares of the enterprise software provider’s stock worth $389,405,000 after purchasing an additional 32,384 shares in the last quarter. Finally, Easterly Investment Partners LLC purchased a new position in shares of Oracle during the 3rd quarter worth approximately $6,548,000. 42.33% of the stock is owned by institutional investors.

Oracle Company Profile (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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