Oracle (NYSE:ORCL) Covered By Yet Another Research Firm

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Investors sentiment decreased to 0.63 in 2018 Q3. Its down 0.19, from 0.82 in 2018Q2. It turned negative, as 56 investors sold Oracle Corporation shares while 640 reduced holdings. 133 funds opened positions while 304 raised stakes. 2.03 billion shares or 4.41% less from 2.13 billion shares in 2018Q2 were reported.

Ledyard Natl Bank invested in 193,298 shares. Investec Asset Limited reported 11,788 shares. Northern Cap Limited Co reported 0.42% stake. Loomis Sayles Company L P stated it has 3.99% in Oracle Corporation (NYSE:ORCL). Platinum Investment Mgmt Limited has 41,500 shares. Altavista Wealth Mgmt holds 0.16% of its portfolio in Oracle Corporation (NYSE:ORCL) for 8,480 shares. Moreover, Cadence Bank Na has 0.1% invested in Oracle Corporation (NYSE:ORCL). Adams Diversified Equity Fund reported 122,200 shares stake. Credit Suisse Ag reported 0.21% stake. Virtu Financial Limited reported 18,549 shares. Bancshares Of The West accumulated 36,580 shares or 0.22% of the stock. Provise Mngmt Group Ltd Liability owns 27,490 shares or 0.19% of their US portfolio. J Goldman L P has invested 0.09% in Oracle Corporation (NYSE:ORCL). Altfest L J & stated it has 8,032 shares. Dupont Mgmt stated it has 244,250 shares or 0.28% of all its holdings.

Why Has Atlantic Equities Given Oracle (NYSE:ORCL) a $45 Price Target

Research analysts at Atlantic Equities initiated coverage on shares of Oracle (NYSE:ORCL) in a research note issued to clients and investors on Wednesday, 9 January. The financial firm set “Underweight” rating on the stock. Atlantic Equities’s price target of $45 suggests potential of -5.82 % from the stock’s current price.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 9 analysts covering Oracle (NYSE:ORCL), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Oracle has $60 highest and $49 lowest target. $54.14’s average target is 13.31% above currents $47.78 stock price. Oracle had 10 analyst reports since September 7, 2018 according to SRatingsIntel. The rating was maintained by Bank of America on Tuesday, September 18 with “Neutral”. The firm has “Neutral” rating by Citigroup given on Tuesday, September 18. The company was maintained on Tuesday, September 18 by Wells Fargo. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Standpoint Research on Wednesday, December 26. On Friday, October 26 the stock rating was maintained by Nomura with “Buy”. The rating was downgraded by Evercore on Wednesday, October 3 to “In-Line”. As per Tuesday, September 18, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Nomura with “Buy” on Tuesday, September 18. Barclays Capital maintained the shares of ORCL in report on Friday, September 7 with “Overweight” rating.

The stock decreased 0.21% or $0.1 during the last trading session, reaching $47.78. About 16.75M shares traded. Oracle Corporation (NYSE:ORCL) has declined 3.81% since January 10, 2018 and is downtrending. It has underperformed by 3.81% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 18. They expect $0.76 earnings per share, up 1.33 % or $0.01 from last year’s $0.75 per share. ORCL’s profit will be $2.73 billion for 15.72 P/E if the $0.76 EPS becomes a reality. After $0.74 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 2.70 % EPS growth.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology environments worldwide. The company has market cap of $171.48 billion. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. It has a 47.68 P/E ratio. The firm licenses its Oracle Database software, which enables storage, retrieval, and manipulation of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, as well as automate their business processes.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle Corporation Cannibalizes 10% Of Shares Outstanding – Seeking Alpha” on December 24, 2018, also 247Wallst.com with their article: “Jefferies Has 6 Top Software Stock Picks for 2019 – 24/7 Wall St.” published on December 22, 2018, Seekingalpha.com published: “Oracle: Growth Is Dead – Seeking Alpha” on December 18, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Oracle sues over Pentagon cloud contract – Seeking Alpha” published on December 12, 2018 as well as Seekingalpha.com‘s news article titled: “Oracle’s Earnings: Decent, Even If Not Overly Exciting – Seeking Alpha” with publication date: December 17, 2018.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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