Fintel reports that on September 12, 2023, Monness, Crespi, Hardt downgraded their outlook for Oracle (NYSE:ORCL) from Buy to Neutral.
Analyst Price Forecast Suggests 16.89% Upside
As of August 31, 2023, the average one-year price target for Oracle is 128.14. The forecasts range from a low of 55.55 to a high of $157.50. The average price target represents an increase of 16.89% from its latest reported closing price of 109.62.
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The projected annual revenue for Oracle is 54,047MM, an increase of 6.05%. The projected annual non-GAAP EPS is 5.78.
What is the Fund Sentiment?
There are 3659 funds or institutions reporting positions in Oracle. This is an increase of 195 owner(s) or 5.63% in the last quarter. Average portfolio weight of all funds dedicated to ORCL is 0.67%, an increase of 10.82%. Total shares owned by institutions decreased in the last three months by 2.23% to 1,313,716K shares. The put/call ratio of ORCL is 0.76, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 46,298K shares representing 1.71% ownership of the company. In it’s prior filing, the firm reported owning 45,902K shares, representing an increase of 0.86%. The firm increased its portfolio allocation in ORCL by 19.27% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 36,640K shares representing 1.35% ownership of the company. In it’s prior filing, the firm reported owning 35,861K shares, representing an increase of 2.13%. The firm increased its portfolio allocation in ORCL by 18.60% over the last quarter.
Jpmorgan Chase holds 34,102K shares representing 1.26% ownership of the company. In it’s prior filing, the firm reported owning 33,639K shares, representing an increase of 1.36%. The firm increased its portfolio allocation in ORCL by 823.01% over the last quarter.
Geode Capital Management holds 29,109K shares representing 1.07% ownership of the company. In it’s prior filing, the firm reported owning 27,754K shares, representing an increase of 4.66%. The firm increased its portfolio allocation in ORCL by 21.60% over the last quarter.
Loomis Sayles & Co L P holds 19,969K shares representing 0.74% ownership of the company. In it’s prior filing, the firm reported owning 20,658K shares, representing a decrease of 3.45%. The firm increased its portfolio allocation in ORCL by 109.81% over the last quarter.
Oracle Background Information
(This description is provided by the company.)
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly- Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database.
This article originally appeared on Fintel
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