Citigroup Reiterates Neutral Rating for Oracle (NYSE:ORCL)

Oracle (NYSE:ORCL)‘s stock had its “neutral” rating reaffirmed by Citigroup in a research note issued to investors on Monday, June 9th, MarketBeat reports. They presently have a $186.00 price target on the enterprise software provider’s stock, up from their prior price target of $160.00. Citigroup’s price objective points to a potential downside of 12.86% from the company’s current price.

ORCL has been the subject of several other research reports. CIBC restated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Mizuho dropped their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada reissued a “moderate buy” rating on shares of Oracle in a research note on Monday, June 9th. Finally, Morgan Stanley set a $175.00 target price on Oracle and gave the company an “equal weight” rating in a research note on Monday, June 9th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $194.32.

Oracle Stock Down 0.8%

ORCL stock traded down $1.78 during trading on Monday, reaching $213.44. The stock had a trading volume of 12,338,945 shares, compared to its average volume of 9,734,132. The company has a market capitalization of $596.99 billion, a price-to-earnings ratio of 52.17, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50 day moving average is $152.88 and its two-hundred day moving average is $160.31. Oracle has a one year low of $118.86 and a one year high of $216.98.

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

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle 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 in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,366 shares of company stock valued at $80,183,723. Insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Oracle

A number of hedge funds have recently bought and sold shares of ORCL. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% in the 4th 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. Warther Private Wealth LLC lifted its stake in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the last quarter. Howard Bailey Securities LLC boosted its holdings in shares of Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after buying an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC boosted its holdings in shares of Oracle by 6.4% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after buying an additional 64 shares in the last quarter. Finally, Cape ANN Savings Bank raised its stake in Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after buying an additional 65 shares during the last quarter. 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.