Oracle profit beats as cloud shift gains steam, shares at record

Oracle Q4 Earnings Preview (NYSE: ORCL) - 24/7 Wall St.
Oracle beats profit estimates on cloud push, shares jump
Author

23 June, 2017

United Services Automobile Association increased Oracle Corp (ORCL) stake by 2.53% reported in 2016Q4 SEC filing. Capital Research Global Investors is the second biggest holder with 151 million shares now valued at 6.76 B million whilst State Street Corp has 123 million shares valued at 5.50 B million. Oracle Corp now has $192.00 billion valuation. The firm's 50-day moving average is $45.16 and its 200 day moving average is $42.62.

The company's shares were up 5 percent at $48.74 in after-market trading on Wednesday. Oracle Corporation (NYSE:ORCL) has risen 14.08% since June 22, 2016 and is uptrending. It has underperformed by 2.62% the S&P500. According to the most recently released broker notes, 9 analysts have a rating of "strong buy" on the stock, 12 analysts "buy", 13 analysts "neutral", 0 analysts "sell" and 1 analysts "strong sell".

03/16/2017 - Oracle Corporation had its " rating reiterated by analysts at Drexel Hamilton. The rating was maintained by Deutsche Bank with "Hold" on Friday, June 17. If the $52.00 PT is reached, the company will be worth $6.30B more. The firm has "Buy" rating by Credit Agricole given on Tuesday, January 19. The firm has "Outperform" rating by Macquarie Research given on Tuesday, April 26. Following the completion of the sale, the chief executive officer now directly owns 3,461,860 shares of the company's stock, valued at approximately $155,749,081.40. On September 8 the company was downgraded to "Mixed" from " in an announcement from OTR Global. BTIG Research has "Buy" rating and $44 target. Its up 1.40, from 1.6 in 2016Q3.

Investors sentiment decreased to 1.04 in Q4 2016. Its up 0.33, from 0.92 in 2016Q3. Spc Fincl Inc holds 0.08% of its portfolio in Pfizer Inc. University Of Notre Dame Du Lac holds 1.85% of its portfolio in Oracle Corporation (NYSE:ORCL) for 119,974 shares. Bartlett & Ltd Limited Liability Company invested in 473,494 shares. Prudential Fincl stated it has 9.17M shares. Beese Fulmer Investment Management Inc. raised its stake in Oracle by 0.7% in the first quarter. Acadian Asset Management Limited Liability Company accumulated 147,017 shares. Renaissance Tech Limited Liability Co has 0% invested in Northeast Bancorp (NASDAQ:NBN). Its up 9.29% from 14,000 shares previously. 1 were accumulated by Brandywine Glob Investment Mngmt Limited Company. (NASDAQ:AMAT). Moreover, Sun Life Financial Inc has 0% invested in Applied Materials, Inc. At the time of writing, the stock had reached $50.46.

First Foundation Advisors decreased Paypal Holdings Inc stake by 16,084 shares to 20,888 valued at $824,000 in 2016Q4. Allianz Asset Ag owns 7.52 million shares. Merck & Co Inc (NYSE:MRK) was reduced too.

Investors sentiment decreased to 0.79 in 2016 Q4. Finally, Pointe Capital Management LLC raised its position in Oracle Corporation by 0.4% in the first quarter.

In recent trade; Oracle Corporation (ORCL) snatched the consideration from Investors, when its current beneficial picture was seen that is promoting good health. Oracle Corporation also was the target of unusually large options trading on Monday. Ssi Management owns 11,051 shares or 0.04% of their United States portfolio. Johnson Invest Counsel Incorporated reported 1.22% in Oracle Corporation (NYSE:ORCL).

General Motors Company (NYSE:GM) is another stock that is grabbing investors attention these days. 40,589,543 shares of the company were exchanged.

Northeast Bancorp is a bank holding company. Citadel Advsrs Ltd Company reported 0% stake. Argi has 9,517 shares for 0.03% of their portfolio. Clark Mngmt Gp reported 47,597 shares.

Oracle's share price sky-rocketed by as much as 12 per cent last night, briefly nudging its market cap over the $200bn mark, as better-than-expected cloud growth helped the giant smash its revenue and profit targets. Papp L Roy Associate holds 0.2% or 22,614 shares in its portfolio. Tokio Marine Asset Ltd holds 0.25% of its portfolio in Oracle Corporation (NYSE:ORCL) for 55,677 shares. Therefore 67% are positive. Oracle had 51 analyst reports since July 30, 2015 according to SRatingsIntel. Wedbush reaffirmed a "neutral" rating and issued a $43.00 target price (up previously from $42.00) on shares of Oracle Corporation in a research report on Monday, March 13th. The company was maintained on Friday, August 28 by Piper Jaffray.

A number of other analysts have also commented on ORCL. BMO Capital Markets maintained the stock with "Market Perform" rating in Wednesday, March 16 report. On Thursday, September 17 the stock rating was maintained by Morgan Stanley with "Overweight". But he keeps a Buy rating on the shares, and raises his price target to $56 fro $49, because he thinks the stock can ride the present good sentiment because "software stocks nearly always overshoot". The firm has "Buy" rating given on Wednesday, March 16 by UBS.


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