Changes to Weekly Research Analyst Ratings for Oracle (ORCL)

Several brokerages have updated their recommendations and price targets on the stock Oracle (NYSE: ORCL) in recent weeks:

• 9/30/2024 – Oracle had its price target raised by analysts at Sanford C. Bernstein from $201.00 to $202.00. They now have an “outperform” rating on the stock.
• 09/16/2024 – Oracle was upgraded by analysts at Melius Research from a “hold” rating to a “buy” rating.
• 09/16/2024 – Oracle had its price target raised by analysts at Jefferies Financial Group Inc. from $170.00 to $190.00. They now have a “buy” rating on the stock.
• 09/16/2024 – Oracle was upgraded by analysts at Melius from a “hold” rating to a “buy” rating. They now have a $210.00 target price on the stock.
• 09/13/2024 – Oracle had its price target raised by analysts at Guggenheim from $185.00 to $200.00. They now have a “buy” rating on the stock.
• 9/11/2024 – Oracle had its price target raised by analysts at Citigroup Inc. from $140.00 to $157.00. They now have a “neutral” rating on the stock.
• 9/10/2024 – Oracle had its price target raised by analysts at Barclays PLC from $160.00 to $172.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at Piper Sandler from $150.00 to $175.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at KeyCorp from $165.00 to $175.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at Evercore ISI from $160.00 to $175.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at Mizuho from $170.00 to $185.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – Oracle was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating. They now have a $175.00 target price on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at DA Davidson from $105.00 to $140.00. They now have a “neutral” rating on the stock.
• 9/10/2024 – Oracle had its price target raised by analysts at Bank of America Co. from $155.00 to $175.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – Oracle had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 10/9/2024 – Oracle had its price target raised by analysts at BMO Capital Markets from $160.00 to $173.00. They now have a “market perform” rating on the stock.
• 9/10/2024 – Oracle had its price target raised by analysts at Stifel Nicolaus from $135.00 to $155.00. They now have a “hold” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at Morgan Stanley from $125.00 to $145.00. They now have an “equal weight” rating on the stock.
• 9/10/2024 – Oracle was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/10/2024 – Oracle had its price target raised by analysts at Jefferies Financial Group Inc. from $150.00 to $170.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at UBS Group AG from $160.00 to $175.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Oracle had its price target raised by analysts at TD Cowen from $165.00 to $180.00. They now have a “buy” rating on the stock.
• 09/09/2024 – Oracle had its price target raised by analysts at JPMorgan Chase & Co. from $110.00 to $120.00. They now have a “neutral” rating on the stock.

Oracle inventory performance

NYSE ORCL traded down $3.36 on Tuesday, hitting $167.04. 2,729,483 shares of the stock exchanged hands, compared to its average volume of 8,586,284. The company’s fifty day moving average is $145.57 and its 200 day moving average is $134.11. Oracle Co. it has a 52-week low of $99.26 and a 52-week high of $173.99. The company has a market cap of $462.86 billion, a PE ratio of 45.02, a P/E/G ratio of 3.05 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72, and a quick ratio of 0.72.

Oracle (NYSE:ORCL – Get Free Report ) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% year over year. In the same period last year, the company earned $0.95 per share. Research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10. This represents a dividend of $1.60 on an annualized basis and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock worth $225,338,245 in the last quarter. Company insiders own 42.80% of the company’s shares.

Hedge funds hurt Oracle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors boosted its stake in Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Legal & General Group Plc boosted its stake in Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. Finally, Putnam Investments LLC boosted its stake in Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after buying an additional 697,961 shares during the last quarter. 42.44% of the shares are currently owned by institutional investors and hedge funds.

Oracle Corporation provides products and services that address enterprise technology environments around the world. Oracle cloud software as a service offering includes 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 suite of applications, and Oracle Fusion Sales, Service and Marketing.

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