KeyCorp Issues Positive Forecast for Oracle (NYSE:ORCL) Stock Price

Oracle (NYSE:ORCL) had its target price boosted by KeyCorp from $190.00 to $200.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the enterprise software provider’s stock.

Several other research firms have also recently weighed in on ORCL. TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JMP Securities increased their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Citigroup boosted their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Down 1.8 %

Shares of ORCL traded down $3.31 during trading hours on Friday, hitting $183.74. 8,986,276 shares of the company were exchanged, compared to its average volume of 8,256,067. The firm’s 50 day moving average is $172.14 and its 200-day moving average is $146.60. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle has a 52 week low of $99.26 and a 52 week high of $191.77. The company has a market cap of $509.15 billion, a PE ratio of 47.35, a PEG ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the second quarter worth approximately $40,000. 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.