BMO Capital Markets Has Lowered Expectations for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its price objective decreased by stock analysts at BMO Capital Markets from $205.00 to $175.00 in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a “market perform” rating on the enterprise software provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 15.77% from the stock’s previous close.

Several other analysts have also issued reports on the company. Cantor Fitzgerald lowered Oracle to an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group boosted their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $176.85.

Oracle Stock Performance

Shares of ORCL opened at $151.17 on Tuesday. The firm has a market cap of $422.81 billion, a PE ratio of 36.96, a PEG ratio of 3.46 and a beta of 1.07. The stock’s fifty day moving average price is $166.51 and its two-hundred day moving average price is $169.49. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 earnings per share. On average, equities research analysts forecast that Oracle will post 5 EPS for the current year.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORCL. Activest Wealth Management lifted its position in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC lifted its position in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank lifted its position in Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the last quarter. Requisite Capital Management LLC lifted its position in Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its position 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 acquiring an additional 60 shares during the last quarter. 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.