Deutsche Bank Aktiengesellschaft Increases Oracle (NYSE:ORCL) Price Target to $165.00

Oracle (NYSE:ORCLGet Free Report) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $150.00 to $165.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the enterprise software provider’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 14.08% from the company’s current price.

Several other brokerages have also issued reports on ORCL. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Evercore ISI lifted their price target on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. KeyCorp lifted their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Stifel Nicolaus lifted their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.79.

Read Our Latest Stock Report on ORCL

Oracle Price Performance

NYSE:ORCL opened at $144.64 on Monday. Oracle has a 52 week low of $99.26 and a 52 week high of $145.06. The firm has a market cap of $397.54 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 2.47 and a beta of 1.01. The firm’s 50-day simple moving average is $121.81 and its 200 day simple moving average is $116.50. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Oracle’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle will post 5.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oracle

Institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in shares of Oracle in the third quarter worth about $25,000. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the third quarter worth approximately $27,000. Tidemark LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $29,000. Finally, Nordwand Advisors LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

About Oracle

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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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