KeyCorp restated their overweight rating on shares of Oracle (NYSE:ORCL – Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $200.00 target price on the enterprise software provider’s stock.

ORCL has been the topic of several other reports. Citigroup raised Oracle from a “neutral” rating to a “positive” rating in a research report on Wednesday, March 5th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Finally, BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $178.92.

Check Out Our Latest Stock Report on Oracle

Oracle Trading Down 3.0 %

Oracle stock opened at $144.29 on Tuesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle has a one year low of $112.78 and a one year high of $198.31. The stock has a market capitalization of $403.58 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business’s fifty day moving average is $166.82 and its 200 day moving average is $169.62.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business earned $1.41 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Oracle will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oracle

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. State Street Corp raised its position in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. FMR LLC raised its position in Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC raised its position in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

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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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