Published: Wed, March 21, 2018
Money | By Armando Alvarado

Oracle Corporation (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL)

Pathstone Family Office Llc decreased Oracle Corp (ORCL) stake by 93.5% reported in 2017Q3 SEC filing.

However, the company reported a GAAP net loss of $4bn, due to a one-time charge totalling $6.9bn related to the USA 2017 Tax Cuts and Jobs Act. DE increased its position in shares of Oracle by 2.3% in the fourth quarter. Accern also gave news stories about the enterprise software provider an impact score of 46.9015903262849 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. Moreover, Marathon Trading Investment Management Limited Com has 0.2% invested in Oracle Corporation (NYSE:ORCL) for 37,100 shares. BlackRock Inc. boosted its holdings in Oracle by 2.5% during the second quarter. Logan reported 72,422 shares stake.

Want to see what other hedge funds are holding ORCL?

Shares of Oracle Co. About 4.17M shares traded. The overall volume in the last trading session was 24.56 million shares. The degree to which a PEG ratio value indicates an over or underpriced stock varies by industry and by company type; though a broad rule of thumb is that a PEG ratio below one is desirable. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.

Oracle Co. has a 1 year low of $43.60 and a 1 year high of $53.48.

Oracle Corporation (NYSE:ORCL) is pacing for its third straight quarter of post-earnings losses, with the shares falling 9.3% this morning to trade at $47.15. The company also beat on adjusted earnings per share, reporting $0.83 versus the analyst estimate of $0.72.

Oracle announced its quarterly earnings last night, detailing that its cloud business grew 32 percent to $1.6 billion in the quarter. During the same period in the previous year, the firm earned $0.69 EPS.

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In the analyst earnings call, a transcript of which is provided by the SeekingAlpha financial news website, Catz said of cloud revenue: "Cloud PaaS and IaaS revenue, excluding legacy hosting services, saw growth of 49% in constant currency and 56% in United States dollars".

Oracle is gearing up to deliver additional autonomous cloud services to its customers soon, according to Larry Ellison, the company's founder, chairman and CTO. (NASDAQ:CCXI). Renaissance Technologies Limited Liability Corp invested in 926,881 shares or 0.01% of the stock.

This dividend will be paid to stockholders of record as of the close of business on April 17, 2018, with a payment date of May 1, 2018. (NYSE:CNP). Hartford Invest Mgmt holds 0.05% or 95,784 shares. The fund bought 8,900 shares of the enterprise software provider's stock, valued at approximately $421,000. Also, insider Thomas Kurian sold 1,700,000 shares of the company's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the sale, the director now owns 18,125 shares of the company's stock, valued at approximately $901,175. Chatham Capital Grp holds 6,434 shares. Insiders own 29.00% of the company's stock.

"The challenge for ORCL is with its database business, namely getting its database customers to choose Oracle Cloud instead of deploying their Oracle licenses on AWS, Azure, or Google", Steve Koenig, analyst at Wedbush Securities said. Jefferies maintained Oracle Corporation (NYSE:ORCL) rating on Monday, July 24. The rating was maintained by Oppenheimer with "Hold" on Thursday, June 22.

Among 39 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 11 Hold. RBC Capital Markets maintained it with "Buy" rating and $53.0 target in Friday, August 25 report. Out of 5 Wall Street analysts rating Oracle, 4 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold".

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $57.70, representing an 11.1% upside.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another site, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark laws. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. Cloud SaaS revenue soared 33% to $1.2 billion, while cloud PaaS plus Infrastructure-as-a-Service (IaaS) revenue jumped 28% to $415 million.

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