Argus Boosts Rating On Oracle Corporation (ORCL) To "Outperform"

On Thursday, Shares of Oracle Corporation (NYSE:ORCL), inclined 8.57% and closed at $50.30 in the last trading session. Old Mutual Global Investors UK Ltd.'s holdings in Oracle Corporation were worth $1,377,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. 9661 shares were traded on Oracle Corporation's last session. Investment Centers Of America Inc holds 0.03% or 6,634 shares. State Street Corp now owns 122,008,115 shares of the enterprise software provider's stock worth $4,691,214,000 after buying an additional 3,341,689 shares in the last quarter. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since June 23, 2016 and is uptrending. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Finally, First Eagle Investment Management LLC raised its stake in Oracle Corporation by 3.7% in the first quarter. (BAS) shares have moved -8.38% in the week and -28.49% in the month. Private Advisor Group Inc Limited Liability Corp has 0.11% invested in Oracle Corporation (NYSE:ORCL). The company has a 50 day moving average of $45.18 and a 200-day moving average of $42.67. Oracle has a 12 month low of $37.62 and a 12 month high of $51.85. The Market Cap of the company is $188.9 Billion.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 21st.

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ORCL reported fourth quarter adjusted earnings of $0.89 per share which beat analyst expectations of $0.78 per share. Los Angeles Cap Management And Equity Inc invested 0.12% in Oracle Corporation (NYSE:ORCL). During the same quarter previous year, the business posted $0.81 EPS. The EPS of company is strolling at 1.66. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.77 average brokerage recommendation.

The company is trading up since yesterday's close of $46.33. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.78 by $0.11. The ex-dividend date of this dividend is Monday, July 17th. Its down 0.26, from 1.23 in 2016Q3. Oracle Corporation's dividend payout ratio is now 34.55%. It also reduced Time Warner Inc. The Connecticut-based Massmutual Tru Fsb Adv has invested 0% in Oracle Corporation (NYSE:ORCL). If you are viewing this story on another site, it was copied illegally and republished in violation of US and worldwide trademark & copyright legislation. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/06/24/oracle-corporation-orcl-shares-bought-by-shayne-co-llc.html.

A number of analysts have recently commented on ORCL shares. Whereas 9 of them predict the stock is a hold. At the time of writing, the First Call consensus price target for the company is $48.64. The firm has "Neutral" rating by Wedbush given on Thursday, March 16. Glenview Bank Trust Dept reported 0.14% of its portfolio in Oracle Corporation (NYSE:ORCL). The stock of Oracle Corporation (NYSE:ORCL) has "Neutral" rating given on Wednesday, June 29 by JP Morgan. Societe Generale set a $46.00 price target on Oracle Corporation and gave the stock a "buy" rating in a research report on Wednesday, March 8th. It is negative, as 67 investors sold Oracle Corporation shares while 585 reduced holdings. There is no concrete way to calculate a price target. Following the completion of the transaction, the chief executive officer now owns 508,627 shares in the company, valued at $22,893,301.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The stock share price surged 3.42% comparing to its 20-day moving average. OR now owns 21,399 shares of the enterprise software provider's stock valued at $823,000 after buying an additional 15,449 shares during the last quarter. The disclosure for this sale can be found here. The current share price indicates that stock is 7.04% away from its one year high and is moving 33.71% ahead of its 52-week low.

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In other news, Director Hector Garcia-Molina sold 3,750 shares of the company's stock in a transaction that occurred on Monday, May 15th.

Oracle Corporation (Oracle), launched on October 9, 2005, provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company's cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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