Oracle (NYSE:ORCL) Trading 1.4% Higher – Time to Buy?

by · The Cerbat Gem

Oracle Corporation (NYSE:ORCL – Get Free Report) rose 1.4% during trading on Monday . The company traded as high as $224.75 and last traded at $220.5250. Approximately 24,443,545 shares traded hands during trading, an increase of 51% from the average daily volume of 16,191,483 shares. The stock had previously closed at $217.58.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. BNP Paribas set a $377.00 target price on shares of Oracle in a research note on Wednesday, September 10th. Sanford C. Bernstein lifted their target price on Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Scotiabank increased their price target on Oracle from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, October 17th. BMO Capital Markets set a $355.00 price objective on Oracle and gave the stock an “outperform” rating in a report on Monday, October 13th. Finally, HSBC reiterated a “buy” rating and set a $382.00 target price on shares of Oracle in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.84.

Read Our Latest Report on ORCL

Oracle Stock Up 0.8%

The stock’s fifty day simple moving average is $249.32 and its two-hundred day simple moving average is $240.90. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $636.50 billion, a price-to-earnings ratio of 51.68, a PEG ratio of 2.51 and a beta of 1.66.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the prior year, the company earned $1.39 EPS. Oracle’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 204,254 shares of company stock valued at $60,227,807. 40.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FSA Wealth Management LLC acquired a new stake in shares of Oracle in the 3rd quarter worth approximately $28,000. Darwin Wealth Management LLC raised its holdings in Oracle by 130.0% during the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 65 shares in the last quarter. Mpwm Advisory Solutions LLC lifted its position in Oracle by 76.9% in the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 50 shares during the period. Turning Point Benefit Group Inc. bought a new position in Oracle during the 3rd quarter valued at $35,000. Finally, Winnow Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter valued at $28,000. 42.44% of the stock is owned by institutional investors and hedge funds.

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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