November 24, 2016 - By Adrian Mccoy · 0 Comments
Oracle Corp (NYSE:ORCL) institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.15, from 0.8 in 2016Q1. The ratio increased, as 520 institutional investors started new or increased equity positions, while 652 reduced and sold their stock positions in Oracle Corp. The institutional investors in our partner’s database now hold: 2.33 billion shares, down from 2.41 billion shares in 2016Q1. Also, the number of institutional investors holding Oracle Corp in their top 10 equity positions decreased from 86 to 77 for a decrease of 9. Sold All: 84 Reduced: 568 Increased: 456 New Position: 64.
Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has a market cap of $165.46 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 19 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
The stock increased 0.02% or $0.01 on November 23, hitting $40.1. About 11.10 million shares traded hands. Oracle Corporation (NYSE:ORCL) has declined 1.47% since April 22, 2016 and is downtrending. It has underperformed by 6.88% the S&P500.
Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on December, 21. They expect $0.56 EPS, down 5.08% or $0.03 from last year’s $0.59 per share. ORCL’s profit will be $2.31 billion for 17.90 P/E if the $0.56 EPS becomes a reality. After $0.49 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.29% EPS growth.
According to Zacks Investment Research, “Oracle Corporation is one of the world’s leading suppliers of software for information management. The company develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses. The company’s software products can be categorized into two broad areas: Systems software and Internet business applications software.”
Caledonia Investments Plc holds 13.21% of its portfolio in Oracle Corporation for 862,500 shares. Black Creek Investment Management Inc. owns 2.96 million shares or 10.77% of their US portfolio. Moreover, Ruffer Llp has 9.39% invested in the company for 5.06 million shares. The Alabama-based Vulcan Value Partners Llc has invested 9.35% in the stock. First Pacific Advisors Llc, a California-based fund reported 26.67 million shares.#img1#
Ratings analysis reveals 61% of Oracle’s analysts are positive. Out of 23 Wall Street analysts rating Oracle, 14 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $37 while the high is $50. The stock’s average target of $44.13 is 10.05% above today’s ($40.1) share price. ORCL was included in 38 notes of analysts from July 30, 2015. The rating was maintained by BTIG Research on Thursday, July 14 with “Buy”. The company was initiated on Friday, January 8 by BMO Capital Markets. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 11. Wunderlich maintained Oracle Corporation (NYSE:ORCL) rating on Friday, June 17. Wunderlich has “Hold” rating and $43 price target. On Friday, September 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Buy” rating given by BTIG Research on Thursday, September 10. The firm earned “Buy” rating on Wednesday, March 16 by Canaccord Genuity. The firm has “Mkt Perform” rating by JMP Securities given on Wednesday, October 14. The firm has “Sector Weight” rating by Pacific Crest given on Monday, October 19. The company was maintained on Friday, June 17 by Citigroup.
Oracle Corporation (Oracle), incorporated on October 9, 2005, provides services and products 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. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. The Company’s hardware business consists of two divisions, including hardware products and hardware support. The Company’s services business includes activities, such as consulting services, enhanced support services and education services, among others.
More important recent Oracle Corporation (NYSE:ORCL) news were published by: Investorplace.com which released: “Cloud M&A: Oracle Corporation (ORCL) to Buy DNS Provider Dyn” on November 21, 2016, also Fool.com published article titled: “Better Buy: Cisco Systems Inc. or Oracle Corporation?”, Profitconfidential.com published: “Oracle Corporation: ORCL Stock Overcomes a Major Hurdle” on November 08, 2016. More interesting news about Oracle Corporation (NYSE:ORCL) was released by: Fool.com and their article: “Better Buy: International Business Machines Corporation vs. Oracle” with publication date: November 09, 2016.
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By Adrian Mccoy