Oracle (NYSE:ORCL) Earns Buy Rating from Analysts at HSBC

HSBC initiated coverage on shares of Oracle (NYSE:ORCL) in a research note issued on Friday, FlyOnTheWall reports. The brokerage set a “buy” rating on the enterprise software provider’s stock.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Oracle from $120.00 to $135.00 in a research report on Tuesday, June 13th. JPMorgan Chase & Co. cut Oracle from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $112.00 to $100.00 in a research report on Wednesday. DZ Bank raised Oracle from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Thursday. Citigroup increased their price objective on shares of Oracle from $121.00 to $138.00 and gave the company a “neutral” rating in a report on Monday. Finally, Morgan Stanley upped their target price on shares of Oracle from $105.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.22.

Oracle Stock Up 1.6 %

Oracle stock opened at $113.66 on Friday. The stock has a market cap of $311.41 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.91 and a current ratio of 0.87. The stock has a fifty day moving average of $117.33 and a 200 day moving average of $105.89. Oracle has a one year low of $60.78 and a one year high of $127.54.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The company had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle will post 4.48 EPS for the current year.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 1,320 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $116.78, for a total transaction of $154,149.60. Following the completion of the sale, the executive vice president now directly owns 20,280 shares of the company’s stock, valued at $2,368,298.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $138,576,328,095.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maria Smith sold 1,320 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total value of $154,149.60. Following the completion of the sale, the executive vice president now directly owns 20,280 shares of the company’s stock, valued at approximately $2,368,298.40. The disclosure for this sale can be found here. Insiders sold 3,949,837 shares of company stock worth $482,142,887 in the last three months. 43.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CGC Financial Services LLC purchased a new position in Oracle in the 2nd quarter worth $373,000. Farther Finance Advisors LLC lifted its holdings in shares of Oracle by 15.7% during the second quarter. Farther Finance Advisors LLC now owns 6,080 shares of the enterprise software provider’s stock worth $724,000 after purchasing an additional 825 shares during the period. Jag Capital Management LLC boosted its holdings in Oracle by 2,692.6% in the second quarter. Jag Capital Management LLC now owns 139,380 shares of the enterprise software provider’s stock valued at $16,599,000 after purchasing an additional 134,389 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in Oracle during the 2nd quarter worth about $16,196,000. Finally, Portside Wealth Group LLC acquired a new stake in Oracle during the second quarter worth about $2,485,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

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.