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

16 September, 2017, 01:20 | Author: Samuel Sharp
  • Jefferies Holds To Rating And Raises Price Target On Oracle Corporation (ORCL)

Oracle Corporation (NYSE:ORCL) had its price target boosted by equities researchers at Barclays PLC from $55.00 to $59.00 in a report released on Friday.

USG Corporation (USG) shares are down -5.59% for the week and that has got investors and traders sitting up and taking note.

Among 32 analysts covering Keycorp (NYSE:KEY), 17 have Buy rating, 2 Sell and 13 Hold. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. OTR Global raised Oracle Corporation to a "positive" rating in a research report on Thursday, June 8th. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. $52.27's average target is 6.41% above currents $49.12 stock price. Verition Fund Management Ltd Liability holds 0.09% of its portfolio in Oracle Corporation (NYSE:ORCL) for 26,745 shares. The firm has a 50-day moving average of $50.01 and a 200 day moving average of $46.93.

"We believe Oracle will at least meet our 1Q:FY18 revenue estimate of $9.03 billion (up 5% YoY; Street is at $9.03 billion) and slightly exceed our EPS projection of $0.61 (Street is at $0.60)". Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The software giant said that it had $0.62 in earnings per share (EPS) and $9.2 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $0.60 in EPS and $9.03 billion in revenue.

Earnings Per Share came in at 62 cents vs. 60 cents as expected by analysts.

Cloud revenue for the three-month period was up a substantial 51 percent year over year, according to the balance sheet distributed by the company. Stifel Nicolaus maintained Oracle Corporation (NYSE:ORCL) on Sunday, September 10 with "Buy" rating. The company also announced a dividend paid on Wednesday August 2nd, 2017. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $219.05B. Yhb Invest Advsr Inc accumulated 286,174 shares or 2.29% of the stock. Garcia-molina now owns $817,375 of stock as reported to the SEC. The stock was sold at an average price of $50.30, for a total value of $188,625.00. The institutional investor held 31,945 shares of the prepackaged software company at the end of 2016Q4, valued at $1.22 million, down from 99,510 at the end of the previous reported quarter. The disclosure for this sale can be found here.

In a statement, Oracle Co-Chief Executive Safra Catz said the "sustained hyper-growth" of the company's cloud business was at the root of Oracle's overall better-than-expected quarterly results. Company insiders own 29.00% of the company's stock. It dived, as 67 investors sold ORCL shares while 585 reduced holdings. Washington-based Perkins Coie has invested 1.29% in Oracle Corporation (NYSE:ORCL).

The software maker posted revenue of $9.19 billion in the period. Moreover, Daiwa Securities Group Inc. has 3.14% invested in the company for 4.55 million shares. Lockheed Martin Investment Management Co. increased its holdings in Oracle Corporation by 21.4% during the 1st quarter. On Thursday, December 8 the stock rating was downgraded by Jefferies to "Hold". Finally, Vanguard Group Inc. lifted its stake in shares of Oracle Corporation by 2.6% during the second quarter.

When it comes to investing, people are generally told to make sure that they don't put all their eggs in one basket.

Revenue from cloud-based applications, including programs that help companies handle finance and human resources tasks - climbed 62 percent. The firm continues to manage its on-premises business well despite material long-term headwinds, as license revenue fell 6% (roughly in line with our expectations), while maintenance revenue expanded roughly 3%.


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