UBS Group Reiterates “Neutral” Rating for Oracle (NYSE:ORCL)

Oracle (NYSE:ORCL)‘s stock had its “neutral” rating reaffirmed by UBS Group in a research note issued on Friday, Borsen Zeitung reports. They presently have a $54.00 target price on the enterprise software provider’s stock. UBS Group’s price target indicates a potential upside of 1.64% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group set a $60.00 target price on Oracle and gave the company a “buy” rating in a report on Monday, March 11th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Oracle in a report on Thursday, February 14th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Wednesday, May 15th. Morgan Stanley upped their target price on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, Standpoint Research downgraded Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.11.

Shares of Oracle stock opened at $53.13 on Friday. Oracle has a fifty-two week low of $42.40 and a fifty-two week high of $55.53. The firm has a market capitalization of $182.09 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65. The company has a fifty day moving average price of $53.54.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total value of $204,450.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,524,869.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 37,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $53.10, for a total value of $1,991,250.00. The disclosure for this sale can be found here. Insiders have sold 870,000 shares of company stock worth $47,482,075 over the last three months. 32.00% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of ORCL. Investors Research Corp acquired a new position in Oracle in the 1st quarter worth about $30,000. Riverview Trust Co acquired a new position in Oracle in the 4th quarter worth about $35,000. Covenant Multifamily Offices LLC acquired a new position in Oracle in the 1st quarter worth about $35,000. Truehand Inc acquired a new position in Oracle in the 4th quarter worth about $36,000. Finally, ERTS Wealth Advisors LLC acquired a new position in Oracle in the 4th quarter worth about $36,000. 53.10% of the stock is currently owned by institutional investors.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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