Culture

Oracle Corporation (ORCL) Given Buy Rating at BTIG Research

Shares of Oracle Corporation (NYSE:ORCL) opened at 48.04 on Tuesday. If the published price targets set by Oracle Corporation analysts have any power to influence the stock's share price, the highest price target set for ORCL is $62.5. Among holders that decreased their positions, 57 sold out of the stock Oracle Corporation. Swarthmore Group Inc.'s holdings in Oracle Corporation were worth $12,811,000 at the end of the most recent reporting period. Burt Wealth Advisors grew its stake in shares of Oracle Corporation by 4.3% during the second quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider's stock valued at $3,286,000 after acquiring an additional 13,000 shares in the last quarter. Ltd. grew its stake in shares of Oracle Corporation by 1,150.0% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider's stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of Oracle by 0.6% in the third quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider's stock worth $107,000 after buying an additional 88 shares during the last quarter. Park Natl Oh has invested 0.09% in Oracle Corporation (NYSE:ORCL). It also reduced its holding in Time Warner Inc (NYSE:TWX) by 744,238 shares in the quarter, leaving it with 1.50 million shares, and cut its stake in Navigant Consulting Inc (NYSE:NCI).

ILLEGAL ACTIVITY WARNING: "Swarthmore Group Inc". If you are viewing this story on another domain, it was stolen and reposted in violation of USA & worldwide copyright and trademark law.

Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction that occurred on Tuesday, July 18th. Following the sale, the insider now owns 783,533 shares of the company's stock, valued at $39,537,075.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Boskin sold 150,000 shares of the business's stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now owns 99,454 shares of the company's stock, valued at $5,041,323.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock worth $91,582,600 over the last 90 days. About 12,408 shares traded. The stock's last price was higher from the average trading price of 50 days recorded at $156.59 while enlarging the period to 200 trading days, the average price was $141.61. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. Analysts anticipate that traders could see stock price minimum in the $33 range (lowest target price). 0 of the trades during the past quarter were buys, and 19 or 100% were sells.

Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The business had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm's quarterly revenue was up 7.0% on a year-over-year basis.

On a similar note, analysts expect EPS of $0.64 in November 2017 quarter and $0.68 in February 2018 quarter, representing 16.36% and 7.94% growth, respectively. They expect this year's earnings to rise 9.64% year-over-year to $2.73, followed by 8.79% growth in the next year to $2.97.

As of late the company also announced dividend for the quarter, expected to be paid on early Wed, Oct 25th. The ex-dividend date is Tuesday, October 10th. Ltd. lifted its holdings in shares of Oracle Corporation by 1,150.0% during the first quarter. Oracle Corporation's dividend payout ratio (DPR) is now 33.19%.

ORCL has been the subject of several other reports. UBS AG restated a "buy" rating and set a $52.00 target price (up previously from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Lastly, KeyCorp lifted Oracle Corporation from a "sector weight" recommendation to an "overweight" recommendation and fixed a $61.00 price objective on the company shares in a study report on early Wed, Jul 5th. The stock has "Buy" rating by BTIG Research on Thursday, September 10. Two financial stock experts recommended the company shares with a sell recommendation, twelve has issued a hold recommendation and thirty have published a buy recommendation to the firms shares. the share has a consensus rating of "Buy" and a consensus price objective of $53.33. Three months ago, analysts assigned ORCL a 4.23 rating, which implies that analysts have become more optimistic about the outlook for the stock over the next year. The sharp drop in stock price on September 15 was a typical overreaction from Wall Street, and investors should use opportunities like this to buy Oracle.

About Oracle Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company's businesses include cloud and on-premise software, hardware and services.



Like this

loading...
loading...

Latest


21 September 2017
Andrew Luck will not practice this week
Last week, Indianapolis hosted the Arizona Cardinals in their 2017 regular season home debut and lost in overtime, 16-13. The team is 0-2 on the season and boasts one of the least-talented rosters in the NFL.

21 September 2017
NotPetya cyber attack on TNT Express cost FedEx $300m
FedEx lowered its 2018 adjusted full-year earnings per share forecast to a range of US$11.05 to US$11.85. FedEx and rival UPS usually unveil price increases for the coming year around this time.

20 September 2017
Stock Ballooning Up Pre-Bell: Staffing 360 Solutions, Inc. (:STAF)
At the end of June reporting period, 6 institutional holders increased their position in Staffing 360 Solutions , Inc. The stock stands almost $0.09 off versus the 52-week high of $1.77 and $0.6 above the 52-week low of $1.08.

20 September 2017
Americans Distrust Trump on North Korea
Trump and Xi spoke on the phone days after Trump and his aides publicly discussed potential military action against North Korea . However, it still enjoys the diplomatic relation with 160 countries, as per the S South Korea's Unification Ministry.

20 September 2017
SA to play four-day game against Zimbabwe as India tour cut
Also significant is the fact that India will play a Test fewer than planned‚ which is likely to cost CSA money in lost revenue. India will play three Test matches in South Africa this season, the boards of both countries announced on Wednesday.

20 September 2017
Brokerages Expect Ctrip.com International, Ltd
Zacks' earnings per share averages are an average based on a survey of sell-side research firms that follow Ctrip.com worldwide . In recent trading day Ctrip.com International, Ltd. ( CTRP ) stock showed the move of 1.51% with the closing price of $53.19.

20 September 2017
Picross S is coming to Nintendo Switch
Launching on September 28 (yes, literally next week), Picross S will be launching for the Nintendo Switch at a measly $7.99. For those unfamiliar with Picross; it is a type of puzzle where you fill in boxes in a grid to create a pixelated picture.

20 September 2017
LSU: Will Derrius Guice play against the Orange?
On the other end of the injury front, the Tigers got more encouraging news on the status of defensive end Rashard Lawrence. Guice is the conference's fifth-leading rusher, with 300 yards and four touchdowns in three games for the Tigers (2-1).

20 September 2017
Trading Monitor: PPOH Line Above Zero for Gibraltar Industries Inc (ROCK)
Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market.

20 September 2017
Keywords Studios PLC (KWS) Lowered to "Hold" at FinnCap
Keywords Studios PLC has a 50 day moving average of 1,175.36 GBX and a 200 Day Moving Average share price is recorded at 806.44. They now have a GBX 1,325 ($17.86) target price on the stock, up from their prior target price of GBX 1,000 ($13.48).