Research Analysts’ Recent Ratings Changes for Oracle (ORCL)

A number of research firms have changed their ratings and price targets for Oracle (NYSE: ORCL):

• 12/20/2024 – Oracle was downgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “sell” rating. They now have a $130.00 price target on the stock.
• 12/10/2024 – Oracle was upgraded by analysts at BNP Paribas to a “strong-buy” rating.
• 12/10/2024 – Oracle had its price target raised by analysts at Piper Sandler from $185.00 to $210.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at Mizuho from $185.00 to $210.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at Evercore ISI from $190.00 to $200.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at Citigroup Inc. from $157.00 to $194.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at DA Davidson from $140.00 to $150.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at BMO Capital Markets from $173.00 to $205.00. They now have a “market perform” rating on the stock.
• 12/10/2024 – Oracle had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $205.00 price target on the stock.
• 12/10/2024 – Oracle was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/10/2024 – Oracle had its price target raised by analysts at Stifel Nicolaus from $155.00 to $175.00. They now have a “hold” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at Morgan Stanley from $145.00 to $175.00. They now have an “equal weight” rating on the stock.
• 12/10/2024 – Oracle had its price target raised by analysts at UBS Group AG from $200.00 to $210.00. They now have a “buy” rating on the stock.
• 12/5/2024 – Oracle had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $165.00 price target on the stock.
• 12/5/2024 – Oracle had its price target raised by analysts at Guggenheim from $200.00 to $220.00. They now have a “buy” rating on the stock.
• 12/5/2024 – Oracle had its price target raised by analysts at Jefferies Financial Group Inc. from $190.00 to $220.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Oracle was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/15/2024 – Oracle had its price target raised by analysts at KeyCorp from $190.00 to $200.00. They now have an “overweight” rating on the stock.
• 11/12/2024 – Oracle was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/4/2024 – Oracle was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/25/2024 – Oracle was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/23/2024 – Oracle is now covered by analysts at Royal Bank of Canada. They set a “sector perform” rating and a $165.00 price target on the stock.

Oracle Price Performance

ORCL traded up $0.87 during trading on Friday, hitting $169.66. 13,613,332 shares of the company traded hands, compared to its average volume of 8,431,830. The stock’s 50-day simple moving average is $179.83 and its two-hundred day simple moving average is $157.40. Oracle Co. has a 1 year low of $101.74 and a 1 year high of $198.31. The company has a market cap of $474.53 billion, a PE ratio of 41.48, a P/E/G ratio of 3.39 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Hedge Funds Weigh In On Oracle

Institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC grew its stake in Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

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.