Oracle (NYSE:ORCL) Given “Buy” Rating at Guggenheim

Oracle (NYSE:ORCL)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a research report issued on Thursday, MarketBeat reports. They presently have a $250.00 target price on the enterprise software provider’s stock, up from their prior target price of $220.00. Guggenheim’s price objective points to a potential upside of 16.77% from the stock’s current price.

ORCL has been the topic of a number of other research reports. Citigroup restated a “neutral” rating and set a $186.00 price target (up previously from $160.00) on shares of Oracle in a report on Monday, June 9th. Piper Sandler reissued a “neutral” rating and set a $130.00 target price on shares of Oracle in a research report on Wednesday, June 11th. Royal Bank Of Canada reaffirmed a “moderate buy” rating on shares of Oracle in a research report on Monday, June 9th. JMP Securities set a $240.00 price target on Oracle and gave the stock a “market outperform” rating in a research note on Thursday, June 12th. Finally, Stephens assumed coverage on Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.32.

Oracle Stock Up 2.8%

NYSE ORCL traded up $5.91 on Thursday, reaching $214.09. The stock had a trading volume of 3,851,117 shares, compared to its average volume of 9,778,297. Oracle has a 1 year low of $118.86 and a 1 year high of $216.60. The business has a 50 day moving average price of $155.97 and a 200 day moving average price of $160.82. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $598.81 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 3.13 and a beta of 1.32.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 EPS. On average, analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 427,366 shares of company stock worth $80,183,723. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital & Planning LLC boosted its stake in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after buying an additional 81 shares during the period. Brighton Jones LLC lifted its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Oracle during the 4th quarter worth about $51,084,000. Revolve Wealth Partners LLC grew its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Oracle by 13.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider’s stock valued at $91,395,000 after purchasing an additional 65,980 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

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.