Oracle’s (ORCL) Market Perform Rating Reiterated at JMP Securities

Oracle (NYSE:ORCL)‘s stock had its “market perform” rating restated by investment analysts at JMP Securities in a research report issued on Tuesday, Benzinga reports.

A number of other equities research analysts also recently weighed in on ORCL. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.29.

Oracle Price Performance

ORCL traded down $0.74 during trading on Tuesday, hitting $123.76. The company’s stock had a trading volume of 2,310,059 shares, compared to its average volume of 7,994,323. The firm’s 50 day moving average price is $120.19 and its two-hundred day moving average price is $115.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle has a 12 month low of $99.26 and a 12 month high of $132.77. The stock has a market capitalization of $340.15 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 2.60 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Oracle will post 4.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders sold 880,000 shares of company stock worth $110,488,150 over the last three months. Company insiders own 42.80% of the company’s stock.

Institutional Investors Weigh In On Oracle

Several institutional investors and hedge funds have recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at $25,000. Westend Capital Management LLC purchased a new stake in shares of Oracle in the 1st quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the 3rd quarter worth approximately $27,000. Tidemark LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $29,000. Finally, Nordwand Advisors LLC purchased a new position in shares of Oracle in the fourth quarter worth $30,000. Institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

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.