Barclays lifts Oracle Corporation [ORCL] price estimate. Who else is bullish?

Oracle Corporation [NYSE: ORCL] gained 0.42% on the last trading session, reaching $89.90 price per share at the time. The company report on August 4, 2021 that Oracle to Add Payroll Support for India.

Oracle Cloud HCM expands its global footprint to support built-in payroll for 10 countries.

Oracle announced that it plans to add support for India to Oracle Fusion Cloud Payroll, part of Oracle Fusion Cloud Human Capital Management (HCM). This new offering is intended to help make it faster and easier for local and multinational companies to pay workers in India while allowing customer to follow local regulations and practices. With the addition of Payroll for India, Oracle Cloud HCM will provide built-in payroll support for a total of 10 countries including Canada, China, Kuwait, Mexico, Qatar, Saudi Arabia, United Arab Emirates, United Kingdom, and the United States.

Oracle Corporation represents 2.85 billion in outstanding shares, while the company has a total market value of $250.75 billion with the latest information. ORCL stock price has been found in the range of $89.10 to $90.47.

If compared to the average trading volume of 11.80M shares, ORCL reached a trading volume of 5722499 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Oracle Corporation [ORCL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ORCL shares is $79.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ORCL stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Oracle Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 10, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on April 23, 2021, representing the official price target for Oracle Corporation stock. Previously, the target price had yet another raise to $80, while DZ Bank analysts kept a Hold rating on ORCL stock.

The Average True Range (ATR) for Oracle Corporation is set at 1.76, with the Price to Sales ratio for ORCL stock in the period of the last 12 months amounting to 6.19. The Price to Book ratio for the last quarter was 48.86, with the Price to Cash per share for the same quarter was set at 16.69. Price to Free Cash Flow for ORCL in the course of the last twelve months was 23.46 with Quick ratio for the last quarter at 2.30.

Trading performance analysis for ORCL stock

Oracle Corporation [ORCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.63. With this latest performance, ORCL shares gained by 2.44% in over the last four-week period, additionally plugging by 42.45% over the last 6 months – not to mention a rise of 62.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ORCL stock in for the last two-week period is set at 63.23, with the RSI for the last a single of trading hit 64.34, and the three-weeks RSI is set at 62.52 for Oracle Corporation [ORCL]. The present Moving Average for the last 50 days of trading for this stock 83.98, while it was recorded at 89.73 for the last single week of trading, and 70.73 for the last 200 days.

Oracle Corporation [ORCL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Oracle Corporation [ORCL] shares currently have an operating margin of +38.99 and a Gross Margin at +77.19. Oracle Corporation’s Net Margin is presently recorded at +33.96.

Return on Total Capital for ORCL is now 17.60, given the latest momentum, and Return on Invested Capital for the company is 16.55. Return on Equity for this stock inclined to 158.80, with Return on Assets sitting at 11.15. When it comes to the capital structure of this company, Oracle Corporation [ORCL] has a Total Debt to Total Equity ratio set at 1,661.11. Additionally, ORCL Total Debt to Total Capital is recorded at 94.32, with Total Debt to Total Assets ending up at 66.36. Long-Term Debt to Equity for the company is recorded at 1,490.93, with the Long-Term Debt to Total Capital now at 84.66.

Reflecting on the efficiency of the workforce at the company, Oracle Corporation [ORCL] managed to generate an average of $104,136 per employee. Receivables Turnover for the company is 6.46 with a Total Asset Turnover recorded at a value of 0.33.Oracle Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.30.

Oracle Corporation [ORCL]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ORCL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Oracle Corporation go to 10.60%.

An analysis of insider ownership at Oracle Corporation [ORCL]

There are presently around $118,149 million, or 48.50% of ORCL stock, in the hands of institutional investors. The top three institutional holders of ORCL stocks are: VANGUARD GROUP INC with ownership of 162,240,269, which is approximately -4.39% of the company’s market cap and around 40.90% of the total institutional ownership; BLACKROCK INC., holding 128,823,835 shares of the stock with an approximate value of $11.58 billion in ORCL stocks shares; and STATE STREET CORP, currently with $6.87 billion in ORCL stock with ownership of nearly -4.74% of the company’s market capitalization.

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Positions in Oracle Corporation stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 883 institutional holders increased their position in Oracle Corporation [NYSE:ORCL] by around 42,824,008 shares. Additionally, 985 investors decreased positions by around 97,939,957 shares, while 302 investors held positions by with 1,173,464,146 shares. The mentioned changes placed institutional holdings at 1,314,228,111 shares, according to the latest SEC report filing. ORCL stock had 159 new institutional investments in for a total of 11,794,279 shares, while 96 institutional investors sold positions of 5,658,261 shares during the same period.

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