Oracle (NYSE:ORCL) Now Covered by Royal Bank of Canada

by · The Cerbat Gem

Equities research analysts at Royal Bank of Canada began coverage on shares of Oracle (NYSE:ORCL – Get Free Report) in a research report issued on Wednesday, MarketBeat reports. The firm set a “sector perform” rating and a $165.00 price target on the enterprise software provider’s stock. Royal Bank of Canada’s target price points to a potential downside of 5.38% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. JMP Securities upped their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Morgan Stanley lifted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. KeyCorp increased their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Mizuho lifted their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Check Out Our Latest Analysis on Oracle

Oracle Price Performance

ORCL opened at $174.38 on Wednesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $483.22 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. The company’s 50 day simple moving average is $158.68 and its 200-day simple moving average is $139.61. Oracle has a one year low of $99.26 and a one year high of $178.61.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Sell-side analysts anticipate that Oracle will post 5 earnings per share for the current fiscal year.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its stake in Oracle by 4.8% in the first quarter. Sunbelt Securities Inc. now owns 7,758 shares of the enterprise software provider’s stock valued at $974,000 after acquiring an additional 357 shares during the last quarter. Brookstone Capital Management lifted its holdings in Oracle by 13.1% during the 1st quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock valued at $2,592,000 after purchasing an additional 2,383 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Oracle during the 1st quarter worth about $53,000. Sovereign Financial Group Inc. grew its stake in Oracle by 12.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,657 shares of the enterprise software provider’s stock valued at $459,000 after buying an additional 413 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new position in Oracle in the 1st quarter valued at about $88,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

About Oracle

(Get Free Report)

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.

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