First Republic Investment Management Inc sold 167,429 shares as Lloyds Banking Group Plc (LYG)'s stock rose 13.69%. The stock of Oracle Corporation (NYSE:ORCL) earned "Overweight" rating by JP Morgan on Thursday, March 16. Eagle Asset Management Inc. purchased a new position in Oracle Corporation during the 1st quarter worth $1,522,000.
The results initially gave Oracle's shares a boost of nearly 2 percent to $53.84 in after-hours trading, but the stock was up by just 0.02 percent to $52.80 by 1:50 p.m.
The software maker posted revenue of $9.19 billion in the period. Eagle Asset Management Inc. purchased a new stake in Oracle Corporation during the 1st quarter valued at $1,522,000. Analysts have a mean recommendation of 2.10 on this stock.
The market experts are predicting a 16.57% rally, based on the high target price ($55) for Verizon Communications Inc. shares that is likely to be hit in the 52 weeks.
On 3/18/2014 Oracle Corporation announced a quarterly dividend of $0.12. Goldman Sachs upgraded RWE AG (ADR) (OTCMKTS:RWEOY) on Thursday, June 8 to "Buy" rating. Cowen & Co initiated the shares of ORCL in report on Friday, June 24 with "Outperform" rating.
Ahead of the opening bell at 1357 BST, Oracle shares were trading 3.39% lower at $51.00.
In the market the company is trading down since yesterday's close of 52.79. This company shares are 5.11% off its target price of $49.59 and the current market capitalization stands at $192.84B.
Oracle's corporate move from on-premises hardware and software to the cloud-the now-burgeoning business that CTO and co-founder Larry Ellison laughed at as unrealistic several years ago-is getting more intense as the company tries to wean itself off maintaining legacy systems that are fast becoming obsolete.
Oracle now expected revenue to increase 2-4 percent to the range of $9.25 billion and $9.4 in the second quarter of the 2018 fiscal year, with 39-42 percent cloud revenue growth.
The world's largest enterprise database maker said September 14 in its Q2 2018 earnings report that it brought in revenue of $9.2 billion, up 7 percent over Q1 and easily outflanking Thomson Reuters analysts' projection of $9.02 billion. During the same quarter a year ago, the firm earned $0.55 earnings per share.
Revenue for the quarter was up 7% from past year. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. This may involve finding stocks that have fallen out of favor with the overall investing community but still have low PE ratios and higher dividend yields.
The next payable dividend for Oracle Corporation is scheduled for 10/25/2017. Also, Director Michael J. Boskin sold 150,000 shares of the company's stock in a transaction on Friday, June 23rd.
A total of 34 analysts have reported on the stock. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm's stock in a transaction on Monday, July 17th. The 50 day moving average moved down $-1.07 and the 200 day average went up by +4.2659%. The Greenhaven Associates Inc holds 3.29 million shares with $95.08 million value, down from 3.55M last quarter. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & global copyright and trademark laws. Cibc World Mkts has 0.03% invested in Oracle Corporation (NYSE:ORCL) for 212,831 shares. For this quarter, Oracle's cloud software margin came in at 67 percent when certain items are excluded.
Rosenblatt Securities reaffirmed their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a research report sent to investors on Monday. (The) set a $47.00 target price on shares of Oracle Corporation and gave the company a "buy" rating in a research note on Friday, December 9th. The original version of this article can be read at https://www.truebluetribune.com/2017/09/15/oracle-corporation-orcl-rating-reiterated-by-mitsubishi-ufj-financial-group.html.
On September 15 Barclays left the stock rating at "Buy" and raised the price target from $48.00 to $61.00.
Revenue from cloud-based applications, including programs that help companies handle finance and human resources tasks - climbed 62 percent.