Economy

Jefferies Holds To Rating And Raises Price Target On Oracle Corporation (ORCL)

Jefferies Holds To Rating And Raises Price Target On Oracle Corporation (ORCL)”

The firm acquired 238,150 shares of the enterprise software provider's stock, valued at approximately $10,624,000. Finally, RNC Capital Management LLC lifted its holdings in shares of Oracle Corporation by 2.7% in the 2nd quarter.

A number of other equities research analysts have also issued reports on the stock. FMR LLC lifted its position in shares of Oracle Corporation by 24.8% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Burgundy Asset Management Ltd. boosted its holdings in shares of Oracle Corporation by 1.0% during the 2nd quarter. LLC now owns 2,161,149 shares of the enterprise software provider's stock valued at $108,360,000 after acquiring an additional 456,231 shares during the last quarter. Boston Partners grew its stake in shares of Oracle Corporation by 20.1% in the 1st quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider's stock worth $154,000 after acquiring an additional 947 shares in the last quarter. ( ORCL ) reported its first-quarter 2018 results after the closing bell on September 14.

In other news, Director Bruce R. Chizen sold 206,250 shares of the firm's stock in a transaction on Wednesday, July 5th.

Shares initially gained almost 2% in after-hours trading following the earnings beat but fell more than 5% below the closing price of $52.79 after the company provided guidance for the second quarter. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares of the company's stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. But it still accounted a small portion of the company's total revenue. Company insiders own 29.00% of the company's stock. If you are reading this report on another website, it was illegally stolen and republished in violation of US & worldwide copyright law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/09/16/stifel-nicolaus-reiterates-buy-rating-for-oracle-corporation-orcl.html.

Several analysts recently weighed in on ORCL shares. UBS AG reaffirmed a buy rating and set a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd.

Safra Catz, one of Oracle's two CEOs, said the company is "off to a very, very strong start" for 2018. On June 22 the company was changed to "Outperform" according to a Wedbush report up from the previous "Neutral" rating. Zacks Investment Research lowered shares of Oracle Corporation from a "buy" rating to a "hold" rating in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have assigned a buy rating to the stock. Finally, Goldman Sachs Group, Inc. The brokerage now has a buy rating on the enterprise software provider's stock.

Oracle Corporation (NYSE ORCL) opened at 48.74 on Friday. The company's stock had a trading volume of 66,367,857 shares. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $53.14.

The P/E ratio is 22.05 and the market value is 201.62B. The stock's 50-day moving average is $49.96 and its 200-day moving average is $46.98.

This downward move has put the stock in the top loser category moving into the second half of the trading period.Oracle Corporation (NYSE:ORCL) is seeing declines so far in today's trading session. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. Quarterly revenue of $9.2 billion beat estimates of $9.02 billion and grew 7% from the year-ago quarter. In contrast, analysts forecast EPS of 68 cents on $9.49 billion in revenue for the second quarter. Total cloud business revenue rose 51 percent to $1.47 billion in the fiscal first quarter. In the last earnings report the EPS was $2.21 and is expected to be $2.94 for the current year with 4,136,682,000 shares presently outstanding.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be issued a $0.19 dividend. This dividend represents a yeild of $1.44 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Tuesday, October 10th.



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